The French oil company Total has been selected to develop the largest oil field in Qatar, Bloomberg writes. Total won a 30% stake in partnership with Qatar Petroleum. The two companies will create a company called North Oil Co. for Al-Shaheen oilfield development. At the same time, $2 billion are planned to be invested in the project over the next five years in order to increase production in the future. The new field will replace another called Moeller-Maersk, which now brings the country more than 40% of daily oil production.

 

 

 

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