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State-owned Qatar Oil Corp.
has signed an agreement to acquire a 30 percent stake
in two of ExxonMobil's affiliates in Argentina.
Qatar Petroleum acquires shares in ExxonMobil Argentina
The agreement grants Qatar Oil Company ExxonMobil Argentina Exploration and Mobil Argentina shares to explore, drill and produce unconventional shale oil and gas
at Vaca Muerta, Neuquén Province in western Argentina.
Qatar Petroleum said the agreement with ExxonMobil in the capital Doha marks the company's first investment
in Argentina.
The company did not disclose the value of
the transaction.
Qatar Petroleum is the world's largest producer of liquefied natural gas
.
This small but wealthy Arab country shares with Iran the world's largest natural gas field
in the Persian Gulf.
,
State-owned Qatar Oil Corp.
has signed an agreement to acquire a 30 percent stake
in two of ExxonMobil's affiliates in Argentina.
Qatar Petroleum acquires shares in ExxonMobil Argentina
Qatar Petroleum acquires shares in ExxonMobil ArgentinaThe agreement grants Qatar Oil Company ExxonMobil Argentina Exploration and Mobil Argentina shares to explore, drill and produce unconventional shale oil and gas
at Vaca Muerta, Neuquén Province in western Argentina.
Qatar Petroleum said the agreement with ExxonMobil in the capital Doha marks the company's first investment
in Argentina.
The company did not disclose the value of
the transaction.
Qatar Petroleum is the world's largest producer of liquefied natural gas
.
This small but wealthy Arab country shares with Iran the world's largest natural gas field
in the Persian Gulf.
,