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Lukoil And Qatar Petroleum Sign The Memorandum Of Understanding

Source: www.gulfoilandgas.com 2/13/2007, Location: Middle East

Qatar Petroleum and LUKOIL Co., have signed a Memorandum of Understanding regarding cooperation in the area of exploration, development and recovery of oil and gas fields.

Under the Memorandum of Understanding, the Parties will work together to identify frameworks to explore possible opportunities for mutually acceptable participation in oil and gas projects within the territory of Qatar.

Qatar has strong petroleum potential and highly developed economical infrastructure, and is one of the world leaders in production of liquefied natural gas (“LNG”).

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