LONDON, April 15 British utility Centrica
and Qatar Petroleum International (QPI) have bought a
package of natural gas and crude oil assets from Suncor Energy
for C$1 billion ($987 million), the two companies said
The assets, which are located in the Western Canadian
Sedimentary Basin, will be held in a new partnership in which
Centrica will own a 60 percent share with the remaining 40
percent owned by QPI.
QPI is the international arm and wholly owned subsidiary of
Qatar Petroleum. The deal is the first investment for
the two companies since they signed a memorandum of
understanding in Dec. 2011.