Qatar Ratifies Elf/Aquitaine's Exploration Agreement
The Qatari Government has ratified a six-year production-sharing agreementsigned on 7 January with the French state-owned firm Elf/Aquitaine covering a2,800-sq. km. offshore block (No. 6) located east of the Qatari coast (MEES, 16January). Under the terms of the agreement, Elf/Aquitaine will share in theoutput of any commercial discovery for a period of 25 years. Theproduction-sharing split has not been...