QATAR
 
Oxy, QP Position For Tough Qatar Upstream Talks
 
Occidental Petroleum says it will invest more than $3bn in Qatar’s offshore Idd al-Shargi fields. These plans are partly a bargaining chip in upcoming renewal talks; Oxy hopes to secure a renewal before having to invest big.
 
The US independent’s planned $3bn-plus investment has the aim of increasing the plateau length of the 100,000 b/d Idd al-Shargi mature offshore fields.
 
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