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Qatar Petroleum announces Abu Dhabi oil deal despite diplomatic rift

The small oil field is located on the maritime border between Qatar and Abu Dhabi and is developed by a Japanese oil consortium

AFP | PTI  |  Doha 

Oil hits highest since mid-2015, then dips

State-owned Petroleum announced today it has signed a deal with to operate the shared Al-Bunduq offshore oil field, despite a bitter diplomatic rift.

"We are delighted to sign this concession agreement, which will ensure the continued development and operation of the Al-Bunduq for many years to come," Petroleum's president and CEO, said in a statement.

The small is located on the maritime border between and and is developed by a Japanese

First Published: Tue, March 13 2018. 16:04 IST
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