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Qatar extends oil field pact with France's Total
Wednesday - 11/14/2012, 8:33am EST
DOHA, Qatar (AP) - Qatar says it has signed another 25-year agreement with France's Total to oversee a major offshore oil field.
Wednesday's deal was approved by Energy Minister Mohammed bin Saleh al-Sada. It gives Total a 40 percent operating interest in the Al Khalij field in the Persian Gulf, about 130 kilometers (80 miles) east of the Qatari coast.
State-run Qatar Petroleum and Total had a partnership on the field under an agreement signed in 1989 and set to expire in early 2014.
OPEC-member Qatar is a major exporter of oil and natural gas.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)