ConocoPhillips & Qatar Petroleum Sign Global Energy Deal
ConocoPhillips and Qatar Petroleum International, a wholly-owned subsidiary of Qatar's state-owned company, Qatar Petroleum, have signed a Memorandum of Understanding (MOU) to pursue and develop international energy projects outside of Qatar.
The MOU was signed on behalf of QPI by His Excellency Abdullah bin Hamad Al-Attiyah, Deputy Prime Minister and Minister of Energy and Industry of Qatar, and by James J. Mulva, ConocoPhillips chairman and chief executive officer. Senior officials from both parties also attended the event, including Nasser Al-Jaidah, QPI chief executive officer, and William Bullock Jr., ConocoPhillips president, Middle East and North Africa.
"Today's signing marks another milestone in Qatar Petroleum's realizing our ambition of becoming a leading global energy company; a goal that depends on the development of key international projects through cooperation with leading partners. This agreement with ConocoPhillips offers new avenues of investment and growth and will be instrumental in reaching Qatar Petroleum's goals," announced Minister Al-Attiyah. "We are delighted to be extending our relationship with ConocoPhillips internationally."
"ConocoPhillips is pleased to be joining Qatar Petroleum International in the pursuit of global opportunities. This is an exciting opportunity for both companies to advance our existing relationship," said ConocoPhillips chairman and CEO, James J. Mulva.
Operates 12 Offshore Rigs
- ConocoPhillips Vows Financial Discipline As Aims To Boost Output (Nov 08)
- ConocoPhillips' Profit Beats Estimates, But Budget Cut 10% (Oct 26)
- Most US Gulf Oil Output Offline Ahead of Tropical Storm Nate (Oct 06)
Company: Qatar Petroleum more info
- Hoegh LNG: Pakistan LNG Import Project Consortium Folds (Nov 16)
- Qatar Says It's Fulfilling Oil and Gas Deals Despite Gulf Crisis (Sep 13)
- Cyprus Says to Push Ahead with Energy Plans Despite Challenges (Jun 29)