Economy
Exxon, Total likely to win stakes in multi-billion dollar Qatari project: Bloomberg
Follow-ups -eshrag News:
Tue, 2022-06-07 17:35
RIYADH: Gas companies ExxonMobil and TotalEnergies are likely to win stakes in a multi-billion dollar project aimed at uplifting Qatar’s gas exports, Bloomberg reported citing people familiar with the matter.
The state-owned petroleum company Qatar Energy could announce the decision by this weekend, with firms including Shell also involved in the bidding war.
The Qatari project comes as Europe speeds to cut off Russian oil supply in response to Moscow’s war with Ukraine.
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