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FinancialNews


  • 08-12-18

    Qatar Petroleum acquires interest in Mozambique blocks

    (MENAFN) Qatar Petroleum (QP) and an ExxonMobil body were confirmed to have reached a deal for an interest participation purchase.

    Under the agreement, QP is set to own 10 percent of participation interest in three offshore exploration blocks located in Mozambique's Angoche and Zambezi basins.

    ExxonMobil affiliates are to own in the block explorations 50 percent, with 20 percent set to go for Empresa Nacional de Hidrocarbonetos and 20 percent for Rosneft, with the rest for QP.

    In a statement, QP stressed that "this is a milestone for Qatar Petroleum as it marks its first foray into Mozambique's promising offshore basins."

    MENAFN0812201800450000ID1097802618

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