Qatar Petroleum buys stake in Exxon's Argentina shale assets | Reuters

Qatar Petroleum buys stake in Exxon's Argentina shale assets | Reuters:

"Qatar Petroleum signed an agreement on Sunday with Exxon Mobil to acquire a 30 percent stake in two of Exxon’s affiliates in Argentina giving QP access to oil and gas shale assets in the Latin American country.

The deal would give QP, the world’s biggest supplier of liquefied natural gas (LNG), a 30 percent share in two of Exxon’s local affiliates in Argentina - ExxonMobil Exploration Argentina S.R.L. and Mobil Argentina S.A., which holds rights with other partners for seven blocks, QP said in a statement.

The blocks are under “unconventional exploration licenses with active drilling plans as well as exploitation licenses with pilot drilling and production,” QP said. "



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