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2016-11-02 18:35:00

QATAR & EXXON PROJECT

QATAR & EXXON PROJECT

TOGY wrote, Qatar Petroleum (QP) announced on Monday a joint venture with ExxonMobil called Ocean LNG, tasked with marketing LNG sourced outside the GCC country.

QP will own a 70% stake in the project, with ExxonMobil holding the remaining 30%, according to a QP press release.

"QP aspires to be one of the leading energy companies in the world, and LNG forms one of the cornerstones of these aspirations," said QP CEO Saad Sherida Al Kaabi in the statement. "As such, it is crucial for us to establish a global LNG marketing arm that will be instrumental…

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Tags: QATAR, PETROLEUM, EXXON,
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