Monday, 06 December 2021 03:30 GMT

Qatar Petroleum to buy stake in Parque das Conchas


(MENAFN) Global energy giant Royal Dutch Shell said it will sell a 23 percent stake in an offshore Brazilian project to Qatar Petroleum International, according to Arabian Business



The purchase by the Qatar Petroleum International will be in the Parque das Conchas (BC-10) project at about USD1 billion



The approval of the National Petroleum and Gas Agency and the Administrative Council for Economic Defence is needed for the transaction


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