Qatar Petroleum takes stake in new exploration block in Mozambique

CEO of Qatar Petroleum, Saad Sherida al-Kaabi. Photo: RR

NEWSROOM (ADV) – Qatar Petroleum said on Monday it had entered into an agreement with Italy’s ENI to acquire a 25.5 percent participating interest in block A5A in the Angoche basin, offshore from Mozambique.

The agreement between state-owned Qatar Petroleum and ENI, which operates the block, is subject to regulatory approval by the Mozambique government, the statement added.

© Bur-csa – A.H / S.E – African Daily Voice (ADV) – Follow us on Twitter : @ADVinfo_eng