#Qatar Petroleum takes stake in Mozambique exploration block | Reuters

Qatar Petroleum takes stake in Mozambique exploration block | Reuters:

Qatar Petroleum said on Monday it had struck a deal with Italy’s ENI to acquire a 25.5 percent participating interest in block A5A in the Angoche basin, offshore Mozambique.

The agreement between state-owned Qatar Petroleum and ENI, which operates the block, is subject to regulatory approvals by the Mozambique government, Qatar Petroleum said in a statement.

Following the approvals, Eni will hold a 34 percent participating interest in the block, while Sasol and Qatar Petroleum will hold 25.5 percent each and Empresa Nacional de Hidrocarbonetos (ENH) will hold 15 percent.