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Qatar Nat'l Bank Denies Investment in Iran Oil Field - ASHARQ AL-AWSAT English Archive
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DUBAI, (Reuters) – Qatar National Bank(QNB) on Sunday it had not signed a deal to finance or was considering any investment in Iran’s Esfandiar oil field.

Iran said on Saturday QNB would invest 400 million euros ($581.4 million) to finance the development of the oil field, Oil Ministry website SHANA quoted a senior official as saying.

“Concerning the investment by QNB for the development of an offshore oil field in Iran, QNB announces that the bank is not aware of such a development, nor it is considering such an investment,” Qatar’s largest lender said in a statement.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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