When Qatar buys petro chemical company: Emirates chief executive says the deal is a “once in a lifetime” opportunity
QATAR, United Arab Emirates — The petro chemicals company that Qatar has been negotiating with the UAE’s crown prince to buy is one of the largest in the world, with a $200 billion market value, a top executive says.
Emirates CEO and CEO of petrochemisty company Aktivio Khatib told CNBC on Monday that the UAE government is a big investor in Petrochemicals, the group that makes the petro fertilizers that are used in the UAE.
Khatib said Qatar was a great investor, because it wants to expand and diversify, and that the Emiratis will get to use its products in the petrodollars that they’re receiving from the Abu Dhabi government.
The UAE, which is the world’s top exporter of petrodolls, has been pushing for Petrochemical to be sold in the Gulf state, and is pushing for a deal to bring PetroChemicals to the UAE, but it’s not clear how it will get the petros to be in the country, and whether it would have to make a lot of money to do it.
Petrochemists make petro fertilizer, used in food, in petro-dollars and petroelectronics.