Shell sells 23 pct stake in Brazil project to Qatar

LONDON Wed Jan 29, 2014 2:09am EST

LONDON Jan 29 (Reuters) - British oil firm Royal Dutch Shell said on Wednesday it had agreed to sell a 23 percent stake in a Brazilian oil project to Qatar Petroleum International for $1 billion.

Shell will retain a 50 percent stake in the project, called the Parque das Conchas, and continue to operate it.