China, Qatar sign memorandum on energy

BEIJING - China and Qatar signed a memorandum on bilateral energy cooperation on Sunday, the official Xinhua News Agency reported.

The document was signed in Doha by Zhang Xiaoqiang, vice director of the National Development and Reform Commission, and Qatari Deputy Prime Minister Abdullah Bin Hamad Al-Attiya.

Al-Attiya said he believed the signing of the memo would significantly boost the two countries' mutual energy investments.

China not only hopes to develop oil and natural gas trade with energy giants like Qatar but also welcomes those countries to set up petrochemical enterprises in China, Zhang added.

Qatar, a member of the Organization of the Petroleum Exporting Countries, has daily oil production of 800,000 barrels, Xinhua said.

It also has natural gas reserves estimated at 25 trln cubic meters, the third largest in the world.


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