Qatar: QP expands African footprint

Issue 1077 - 21 Mar 2019 | 1 minute read

Qatar Petroleum (QP) has expanded its footprint in Africa, buying stakes in offshore blocks in Morocco and Mozambique from Italian oil major Eni. QP announced in March it was taking a 25.5% stake in offshore block A5A in Mozambique’s Angoche basin. The deal will leave Eni – the block’s operator – with a 34% interest in the concession. Other shareholders include state company Empresa Nacional de Hidrocarbonetos (ENH) with 15% and South Africa’s Sasol with 25.5%. QP already has a stake in the neighbouring block A5B.

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