Middle East Economic Survey
Mitsui Signs To Acquire 1.5% Stake In Qatargas-3
Qatar Petroleum (QP) announced on 20 September it had signed a Heads of Agreement (HOA) with Mitsui to acquire a 1.5% equity stake in the Qatargas-3 project located in Ras Laffan. Mitsui will purchase up to approximately 10mn barrels of condensate per year (27,400 b/d) from Qatargas-3 for a period of 13 years. Mitsui will also proceed to discuss possible offtake of liquefied...