VOL. XLI

No. 50

14-December-1998

QATAR

QGPC And Mobil Sign Heads Of Agreement On North Field Gas Project

The Qatar General Petroleum Corporation (QGPC) and Mobil Oil of the USon 5 December signed a heads of agreement finalizing the commercial and fiscal terms forthe development of the new Enhanced Gas Utilization (EGU) project under a new productionsharing agreement expected to be executed in early 1999. The two sides signed a memorandumof understanding on the venture one year ago (MEES, 24...