QP enters Argentina in ExxonMobil deal
Argentina 
BUENOS AIRES, June 4, 2018 – Qatar Petroleum (QP) has signed an agreement to purchase 30% stakes in two ExxonMobil affiliates operating in Argentina for an undisclosed amount, the state-owned company said in a press release on Monday.
The deal will see QP gain access to seven licences held by ExxonMobil Exploration Argentina and Mobil Argentina in partnership with other companies.
“We are pleased to enter into this agreement with our long-time partner ExxonMobil, and to participate in the further development of the Vaca Muerta unconventional resource in Argentina,” QP president and CEO Saad Sherida Al Kaabi said at a conference marking the event.
“This is an important milestone, as it marks Qatar Petroleum’s first investment in Argentina, as well as its first significant international investment in unconventional oil and gas resources.”
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