BRAZIL BOUND

Qatar Today - - BUSINESS > OIL & GAS -

Qatar Pe­tro­leum In­ter­na­tional (QPI) and Shell signed a Me­moran­dum of Co­op­er­a­tion in the pres­ence of HE Dr Mo­hamed bin Saleh Al Sada, the Min­is­ter of En­ergy and In­dus­try and Chair­man of Qatar Pe­tro­leum, and Ben van Beur­den, Chief Ex­ec­u­tive Of­fi­cer of Royal Dutch Shell.

The agree­ment was signed by Nasser Al Jaidah, CEO of QPI and Wael Sawan, Man­ag­ing Direc­tor and Chair­man of Qatar Shell Com­pa­nies. The agree­ment fol­lows QPI's $1 bil­lion (QR 3.7 bil­lion) pur­chase of a 23% stake in a ma­jor oil pro­duc­tion as­set off­shore Brazil in April 2014 op­er­ated by Shell known as BC-10 or Par­que das Con­chas.

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