Comment
0
Tweet
0
Print
RSS Feeds

Qatar extends oil field pact with France's Total

Wednesday - 11/14/2012, 8:53am  ET

DOHA, Qatar (AP) -- Qatar says it has signed another 25-year agreement with France's Total to oversee a major offshore oil field.

Wednesday's deal was approved by Energy Minister Mohammed bin Saleh al-Sada. It gives Total a 40 percent operating interest in the Al Khalij field in the Persian Gulf, about 130 kilometers (80 miles) east of the Qatari coast.

State-run Qatar Petroleum and Total had a partnership on the field under an agreement signed in 1989 and set to expire in early 2014.

OPEC-member Qatar is a major exporter of oil and natural gas.


Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.