Qatar Investment acquires $ 550 million stake in Oryx



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Doha / Ahmed Yousef / Anatolia

The Qatar Investment Authority (QIA) has acquired a significant stake in Oryx Intermediary Services, the largest private crude oil intermediary operator in the Bremen Basin.

"The stake was acquired by a subsidiary of Stonebeck Infrastructure, bringing the total investment of the Oryx sovereign fund to around $ 550 million and will commit to developing it with Stonebeck," the statement said. .

This partnership is the latest in a series of QIA investments in the United States aimed at raising investment to $ 45 billion over the next few years. According to the same source.

Qatar Investment is a sovereign fund created in 2005 to invest the surplus of oil and gas, one of the largest sovereign wealth funds in the world, with badets estimated at $ 320 billion, divided between investments and investments. financial reserves of many countries.

Oryx Intermediary Services operates a crude oil collection and transportation system, including the storage of 2.1 million barrels and approximately 1,200 miles of pipeline in service and under construction, covering eight counties in Texas and two in New Mexico.


The information published on the official Anatolian information page is an abbreviation of some of the information presented to subscribers via the Information Flow System (HAS). To register at the agency, please contact the following link.

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