Qatar Petro signs oil services deals

Qatar Petroleum said on Monday it signed agreements with three global giants worth $2.47 billion as part of a plan to localize its energy sector. The plan shows the importance that Qatar attaches to the localization of the energy sector, and is expected to add an investment of 15 billion ($4.1 billion) Qatari riyals in local economy, said a statement by QP. The company signed the contracts with Baker Hughes, Schlumberger, which recently celebrated 70 years of presInvestors ence in Qatar, and McDermott, for oil services.