QatarEnergy acquires 40% stake in Egypt's Cairo and Masry gas blocks via ExxonMobil deal.
QatarEnergy acquires 40% interest in two offshore gas exploration blocks in Egypt via a deal with ExxonMobil. The Cairo and Masry concessions, awarded to ExxonMobil in Jan 2023, cover an area of 11,400 sq km in 2-3 km deep waters. QatarEnergy will collaborate with Egypt's Natural Gas Holding Co, petroleum ministry and ExxonMobil for exploration and development.
May 12, 2024
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