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[size=32]Qatar to buy stake in two companies owned by Exxon Mobil[/size]
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occurred "Qatar Petroleum" Government Group signed an agreement to buy a stake of 30% of the shares of two subsidiaries of the company "Exxon Mobil" of America, and the two companies have rights to oil and gas exploration in Argentina.[/rtl]
[rtl]The signing ceremony was held in Doha on Sunday, the first agreement under which Qatar Petroleum owns shares in Argentina.[/rtl]
[rtl]"We are delighted to reach this agreement with ExxonMobil, with which we have a long history of successful partnerships and to contribute to the development of the non-traditional resources of the Vaca Muerta Basin in Qatar," said Saad Bin Sharida Al Kaabi, Chief Executive Officer of Qatar Petroleum. Argentina ".[/rtl]
[rtl]"The importance of this event comes from being the first investment of Qatar Petroleum in Argentina as well as our first significant international investment in non-conventional oil and gas resources."[/rtl]
[rtl]ExxonMobil vice president Andrew Soager said the agreement "underscores our commitment to developing Argentina's resources to support local oil and natural gas production."[/rtl]
[rtl]The two subsidiaries of Exxon Mobil are from the Argentine province of Newquin, where the Vaca Muerta basin is located. The region is known for its rich oil and shale gas resources.[/rtl]
[rtl]The announcement comes on the eve of the first anniversary of an unprecedented diplomatic crisis in the Gulf region. On June 5, 2017, Saudi Arabia, the United Arab Emirates, Bahrain and Egypt severed their relations with Qatar, accusing them of supporting terrorist groups. Qatar denies support for any extremist organization and asserts that these countries seek to steal their sovereignty.[/rtl]
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