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Qatar: QP buys into Argentina

Qatar Petroleum is to take a 30% equity stake in two ExxonMobil affiliates in Argentina, which hold unconventional exploration licences with a number of partners in seven onshore blocks in the Vaca Muerta shale formation in the Neuquén basin in western Argentina. QP president and chief executive Saad Sherida Al-Kaabi said the deals with ExxonMobil Exploration Argentina and Mobil Argentina marked its first significant international investment in unconventional oil and gas resource.

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