December 16, 2018 / 9:36 AM / a month ago

Qatar Petroleum signs deal with Italy's ENI for stake in Mexican oilfields

DOHA, Dec 16 (Reuters) - Qatar Petroleum (QP) signed on Sunday an agreement with Italy’s ENI to buy a stake in three offshore oilfields in Mexico, QP’s chief executive said.

Under the deal, QP will acquire a 35 percent stake in the Mexican oilfields, where production is expected to start by mid 2019 and ramp up to 90,000 barrels per day by 2021, QP CEO Saad al-Kaabi said at a news conference in Doha. (Reporting by Rania El Gamal and Eric Knecht; Editing by Mark Potter)

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