State-run Qatar Petroleum has set up an investment arm called Qatar Petroleum International to finance energy projects around the world, the Peninsula newspaper of Qatar reported.

The paper quoted Qatari Oil Minister Abdullah Al Attiyah as saying Qatar Petroleum International is looking at possible investments in refineries in India and China and LNG terminals in the UK, Italy and the US.  The new investment arm is also mulling exploration and production, or upstream, projects, as well other downstream ventures.