(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."
Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.