State-owned Qatar Petroleum Concludes Deal on Kenya Oil Blocks

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Qatari state-owned oil firm, Qatar Petroleum has reached an agreement to enter three offshore exploration blocks in Lamu Basin, east of Kenya, the company said in a statement on Tuesday.

According to report published by Business Daily Africa, following regulatory approvals by Kenya, the consortium will be comprised of Eni (the operator) with a 41.25 percent participating interest, Total with 33.75 percent and Qatar Petroleum with 25 percent, the statement said.

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