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Qatar extends oil field pact with France's Total

Source : AP
Last Updated: Wed, Nov 14, 2012 14:00 hrs

Qatar says it has signed another 25-year agreement with France's Total to oversee a major offshore oil field.

Wednesday's deal was approved by Energy Minister Mohammed bin Saleh al-Sada. It gives Total a 40 percent operating interest in the Al Khalij field in the Persian Gulf, about 130 kilometers (80 miles) east of the Qatari coast.

State-run Qatar Petroleum and Total had a partnership on the field under an agreement signed in 1989 and set to expire in early 2014.

OPEC-member Qatar is a major exporter of oil and natural gas.




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