Qatar makes foray into Mexican oil, wins 4 blocks

Qatar makes foray into Mexican oil, wins 4 blocks:

"Qatar Petroleum, the world’s largest producer of liquefied natural gas, scored big wins in Mexico’s latest deep-water oil tenders, scooping four fields in partnership with Anglo Dutch major Shell. Mexico is auctioning a total of 29 deep-water fields on Wednesday – nine in the Perdido Fold in the north of the Gulf of Mexico, and 10 each in the Cordilleras Mexicanas and Salina basins. Pre-qualified companies include all the oil majors and China’s Cnooc – which won two blocks in the last deep-water tender just over a year ago. State-owned QP has as one of its strategic objectives “to become one of the leading national oil corporations in the world”. Qatar is a member of the Organisation of Petroleum Exporting Countries, or Opec. While it has been looking at Brazil, this is believed to be its first investment in Latin America."



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