VOL. XLII

No. 11

15-March-1999

QATAR

Arco Puts Its Stake In Qatar痴 Al-Rayyan Offshore OilfieldUp For Sale

Atlantic Richfield (Arco) has apparently put its oil-relatedupstream interests in Qatar up for sale. The American firm operates theal-Rayyan offshore oilfield as well as an adjoining exploration tract known asblock 11 under production sharing arrangements with the Qatar General PetroleumCorporation (QGPC). Arco has a 27.5% stake in the two concessions along withGulfstream Resources of Canada...