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ConocoPhillips Signs Memorandum of Understanding with Qatar Petroleum International

Source: www.gulfoilandgas.com 12/10/2007, Location: Middle East

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ConocoPhillips and Qatar Petroleum International (QPI) announced that the two companies have signed a Memorandum of Understanding (MOU) to pursue and develop international energy projects outside of Qatar.

"This agreement with ConocoPhillips offers new avenues of investment and growth and will be instrumental in reaching Qatar Petroleum’s goals,” announced Minister Al-Attiyah. "We are delighted to be extending our relationship with ConocoPhillips internationally."

"ConocoPhillips is pleased to be joining Qatar Petroleum International in the pursuit of global opportunities. This is an exciting opportunity for both companies to advance our existing relationship,” said ConocoPhillips chairman and CEO, James J. Mulva.

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