Chinese oil giant Sinopec becomes the first Asian firm to get a stake in Qatar's expansion of North Field East, the Gulf country's energy company announces
Qatar's energy minister and chief of QatarEnergy has called the signing a"milestone agreement" and a new"landmark" for relations between Doha and Beijing.
QatarEnergy said on Wednesday Sinopec will get a five percent stake in the equivalent of an eight-million-tonne production complex. QatarEnergy did not give a value for the Sinopec deal but said it "will not affect the participating interests of any of the other shareholders". North Field contains the world's biggest natural gas reserves and extends under the Gulf into Iranian territory.
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