QATAR

 

GDF Suez Relinquishes 40% Of Qatar’s Block 4 To PetroChina

State-owned PetroChina has acquired a 40% stake in the gas exploration and production rights for Qatar’s offshore Block 4 from France’s GDF Suez, leaving the French company with the remaining 60% stake, Qatar Petroleum (QP) announced on 25 July. The block, located off the northern coast of the country near the prolific North Field, extends for around 3,100 sq km at water...