Friday, 03 December 2021 06:54 GMT

Qatar Petroleum buys shares in Total's Congo busines

(MENAFN) France-based Total said that Qatar Petroleum International had purcahsed a 15 percent stake in Total E&P Congo, Xinhua reported. The stake sale came hrough a share capital increase following a framework agreement signed earlier this year. Total said in a statement: "The $1.6 billion increase of Total E&P Congo's capital will consolidate its financial capacity at a time when it is progressing the development of the Moho Nord deep offshore project."

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