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Qatar Petroleum to buy stake in ExxonMobil Mozambique blocks

Reuters  |  CAIRO 

CAIRO (Reuters) - Qatar Petroleum said on Saturday it had agreed to buy a 10 percent participating interest in three of ExxonMobil's offshore exploration blocks in Mozambique's Angoche and Zambezi basins.It will be part of a consortium made up of affiliates of ExxonMobil with a 50 percent stake, Empresa Nacional de Hidrocarbonetos with 20 percent, Rosneft with 20 percent interest, and Qatar Petroleum with 10 percent.Qatar and the United States plan to strengthen "energy partnerships," the emirate's minister of state for energy affairs, Saad Al-Kaabi, said in a statement after a meeting in ...

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First Published: Sat, December 08 2018. 18:44 IST
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