British oil company Heritage Oil agreed a 924 million pound ($1.6 billion) takeover offer from a fund owned by the former chief executive of Qatar's sovereign wealth fund.
Heritage, whose main oil production is in Nigeria, sai
Qatar's former prime minister Sheikh Hamad bin Jassim Al-Thani has been replaced as deputy head of the country's powerful sovereign wealth fund in a restructuring move ordered by the country's new emir, the state news agency report
Qatar's outgoing emir wanted to abdicate while he was still able to help his 33-year-old heir consolidate his authority, so ensuring minimal discord inside the royal family.
While no one other than outgoing