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News 33

Qatar to co-invest with Barclays resources unit

(Reuters) - Qatar has signed a deal to co-invest $250 million with Barclays' (BARC.L) natural resources private equity investment unit, underlining the gas-rich Gulf state's desire to plough some of its commodity wealth back into the sector.

The investments in Barclays Natural Resources Investments' (BNRI) portfolio companies will be done through Qatar Asset Management Company, a joint venture between the gas-rich Gulf state's sovereign wealth fund and the Qatar Financial Centre.

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