Qatar energy and ExxonMobil sign Cyprus energy exploration deal
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The new Qatar Energy logo is pictured during a news conference in Doha, Qatar, October 11, 2021. Qatar News Agency/Handout via REUTERS
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Cairo, Dec 10 (Reuters) - A consortium consisting of Qatar Energy and ExxonMobil (XOM.N) has signed an agreement with Cyprus for energy exploration and production sharing in Block 5 in the southeast of the island, Qatari News Agency said on Friday.
Under the agreement, Qatar Energy will own a 40% stake in Block 5 while ExxonMobil will own 60% and be the operator in the area, the agency added.
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Reporting by Ahmed Tolba
Writing by Moaz Abd-Alaziz
Editing by David Goodman
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