QPI makes the first Qatari energy investment in Greece

Qatar Petroleum International (QPI) is the first Qatari company to invest in the Greek energy mark and has decided to purchase a 25% share of the “HERON II” …

Qatar Petroleum International (QPI) is the first Qatari company to invest in the Greek energy mark and has decided to purchase a 25% share of the “HERON II” combined cycle gas turbine (CCCT) power plant from GEK TERNA for about 58 million dollars.

QPI was founded in 2006 by the state-owned Qatar Petroleum (QP) firm in order to develop its overseas mining, refinement and energy trade activities. QPI has operations in Europe, North America, Asia and Africa.

GEK TERNA’s managing director commented that “QPI’s presence will make the Greek energy market even more competitive”, while the Deputy Minister of Environment, Energy and Climate Change Makis Papageorgiou explained that “the deal shows that the Greek energy market is on the rise and will soon be even more enticing”.

QPI’s chief financial officer Abdulaziz Al-Kuwari explained that “the crisis in Greece cannot last forever” and praised the support of the two other investors in the HERON II, the French multinational GDF Suez, as well as the aforementioned GEK-TERNA.

International
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Helios Kiosk