Doha: Qatar Petroleum International (QPI), the international arm and the wholly-owned subsidiary of Qatar Petroleum (QP) have reached an agreement with Centrica Plc (CNA) according to which QPI is to buy 40 percent of CNA natural gas field projects in Canada to the value of Canadian $200m.
A press release the two companies issued here yesterday said that as per such agreement, the assets will be operated in the project between Centrica (60 percent) and QPI (40 percent) under the title, CQ Energy Canada Partnership, where the new percentage will be added to the assets which have already been jointly acquired on part of Canada’s Suncor Energy which was announced in April , 2013 .
The Minister of Energy and Industry, H E Dr Mohamed Saleh Al Sada, who is also board chairman of QPI, described the agreement as very important development between QPI and Centrica Plc. QNA
