Middle East Economic Survey

VOL. XLVIII

No 10

7-March-2005

QATAR

ONGC Wins Qatar Offshore Oilfield Development Contract

The overseas arm of Indias state-run Oil and Natural Gas Corporation, ONGC Videsh, on 2 March signed an agreement with Qatar Petroleum (QP) to assess, develop and share oil production from the Najwat Najem oilfield offshore Qatar. The 120 sq km acreage lies about 120km northeast of Doha, to the west of al-Khaleej oilfield. ONGC Videsh is expected to take a 70% stake in the Najwat...