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Qatar, 12.5% Petronet offer
- Qatar: Saturday, October 07 - 2006 at 11:01
India has offered Qatar a 12.5% stake in Petronet LNG and is also seeking to double its annual supply of liquefied natural gas from the Gulf state to 10m tonnes, reported Reuters. Petronet's MD Prasado Dasgupta said that Qatar could purchase a stake by subscribing to a $100m foreign currency convertible bonds issue. A team from the Qatar Investment Agency would travel to India to carry out due diligence.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, October 07 - 2006 at 11:01 UAE local time (GMT+4)
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This article was updated on Sat Nov 11 2006.
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