Financial Times: Qatar Wealth Fund buys stake in Shell

Qatar’s sovereign wealth fund has bought a stake in Royal Dutch Shell as part of a drive to invest the emirate’s vast gas wealth in western assets.

The move deepens the already close relationship between Shell and Qatar, which is home to some of the Anglo-Dutch oil group’s largest energy projects. It also marks something of a departure for the Qatar Investment Authority which has tended to diversify its holdings into western financial services, manufacturers and luxury goods.  MORE (Registration required)