Qatar Petroleum buys stake in Exxon's Argentina shale assets

Source: Reuters.com
By: Hadeel Al Sayegh
06.03.2018

DOHA (Reuters) - Qatar Petroleum signed an agreement on Sunday with Exxon Mobil to acquire a 30 percent stake in two of Exxon’s affiliates in Argentina, giving QP access to oil and gas shale assets in the Latin American country.

FILE PHOTO: The logo of Qatar Petroleum is seen at its headquartes in Doha, Qatar, July 8, 2017. Picture taken July 8, 2017. REUTERS/Stringer /File Photo
The deal would give QP, the world’s biggest supplier of liquefied natural gas (LNG), a 30 percent share in two of Exxon’s local affiliates in Argentina - ExxonMobil Exploration Argentina S.R.L. and Mobil Argentina S.A., which holds rights with other partners for seven blocks, QP said in a statement.

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