Qatar Buys 30% Stake in Moroccan Offshore Blocks from Chevron
February 08 2016 - 5:14AM
Dow Jones News
DUBAI--State-owned Qatar Petroleum said on Monday it has agreed
to buy a 30% stake in three deep-water offshore leases in Morocco
from Chevron Corp.'s subsidiary in the north African country.
The sale will reduce Chevron Morocco Exploration's stake in the
leases to 45% while Morocco's Office National Des Hydrocarbures Et
Des Mines will retain a 25% share, Qatar Petroleum said in an
emailed statement.
Chevron will remain the operator of the deep-water leases which
are Cap Rhir Deep, Cap Cantin Deep and Cap Walidia Deep, the
statement added, but it didn't state the value of the deal.
Write to Summer Said at summer.said@wsj.com
(END) Dow Jones Newswires
February 08, 2016 04:59 ET (09:59 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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