Africa Angola Commodities FDI Oil

Qatar Petroleum enters exploration agreement in Angola

Qatar Petroleum has entered into an agreement with Angolan national oil company Sonangol and Total to acquire a 30% participating interest in Block 48 offshore Angola, the company said in a statement on Tuesday.

The block is expected to be drilled as part of a 2020/2021 drilling program.

Also read: Oil & Gas deals total US$28B in Q2 2020 fueled by Africa & Middle East

Source: Reuters

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