Qatar takes stake in To­tal’s Congo in­ter­ests

Weekend Argus (Saturday Edition) - - LIFE -

PARIS: French oil com­pany To­tal said Qatar Petroleum In­ter­na­tional had taken a 15 per­cent stake in To­tal E&P Congo through a share cap­i­tal in­crease fol­low­ing a frame­work agree­ment signed in May.

“The $1.6 bil­lion in­crease of To­tal E&P Congo’s cap­i­tal will con­sol­i­date its fi­nan­cial ca­pac­ity at a time when the com­pany is pro­gress­ing the de­vel­op­ment of the Moho Nord deep off­shore project,” To­tal said in a state­ment yes­ter­day.

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