http://signaloil.wpengine.com/wp-content/uploads/2015/10/Signal-Oil-logo-red-300x32.png 0 0 RSS FEED http://signaloil.wpengine.com/wp-content/uploads/2015/10/Signal-Oil-logo-red-300x32.png RSS FEED2018-06-04 06:34:062018-06-04 06:34:06Qatar Petroleum Buys Stake In ExxonMobil's Argentina Shale Assets
Qatar Petroleum Buys Stake In ExxonMobil’s Argentina Shale Assets
Qatar Petroleum (QP) signed an agreement on June 3 with Exxon Mobil Corp. (NYSE: XOM) to acquire a 30% stake in two of ExxonMobil’s affiliates in Argentina, giving QP access to oil and gas shale assets in the Latin American country.
The deal would give QP, the world’s biggest supplier of liquefied natural gas (LNG), a 30% share in two of ExxonMobil’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.