Qatar Buys Mexican Oil Stakes From Eni
- Partners to pump 90,000 barrels a day from fields by 2021
- Qatar left OPEC earlier this month to expand gas business
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Qatar Petroleum is buying stakes in three offshore oil blocks in Mexico from Eni SpA, as the Arab country signs another global expansion deal after leaving OPEC.
Eni and the government-owned energy company in Qatar, the world’s biggest exporter of liquefied natural gas, will produce about 90,000 barrels of oil a day from the Amoca, Mizton and Tecoalli fields in the Gulf of Mexico by the end of 2021, Saad Sherida Al Kaabi, Qatar’s energy minister, said in Doha. The fields hold 2 billion barrels of oil equivalent, he said at a press conference with Eni Chief Executive Officer Claudio Descalzi.