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QP plans $50bn IPOs.

State-owned Qatar Petroleum (QP) plans to offer shares in four of its units in coming years, said Hussain Al Abdulla, executive board member of Qatar Holding, the investment arm of the country's sovereign wealth fund.

"There are four companies with QP now ready to list on Qatar Exchange," said Abdulla, who is also chairman of the exchange.

"This will be in coming years," he later told reporters. "About $50 billion total," he said, when asked about the value of the offerings. He declined to specify the names of the companies.

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Publication:Oil & Gas News
Date:May 20, 2013
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