Qatar Petroleum explores energy resources in Morocco

Qatar Petroleum has signed an agreement with the Italian Eni to acquire a stake in maritime concessions in Morocco.

In a statement, Qatar Energy announced its intention to acquire a 30% stake in the Tarfaya Marine Exploration Concession, which includes 12 areas off the coast of the Kingdom of Morocco on the 39th. Atlantic Ocean.

After the signing of the agreement, the maritime concessions will be distributed as follows: 45% to Eni, 25% to Morocco represented by the National Office of Hydrocarbons and Minerals and 30% to Qatar Petroleum.

Qatar Petroleum has annexed its statement to a map showing the site of the concession, located in southwestern Morocco, where the concession extends off the coast of the Kingdom, from Tan Tan to Tarfaya.

Read more

Qatar's oil investment in the energy sector is not the first. Last month, Qatar Petroleum made significant discoveries in South Africa and Eastern Mediterranean waters, where it announced a major gas and condensate discovery in South Africa, as well as a gas deposit in territorial waters of Cyprus.

Source: agencies