World News: 09:19 GMT Thursday 29th August 2019. [Yahoo Business News Feed via SPi World News]
When Royal Dutch Shell wanted to buy a stake last year in a promising exploration block off South Africa, Total, the asset's main shareholder, used its right to stymie the deal and acquired the share itself, only to sell it on to Qatar Petroleum. For Total, it was part of a wider quest to tighten ties with Qatar Petroleum (QP) in an effort to secure a stake in the Gulf country's planned expansion of its liquefied natural gas (LNG) facilities, already the world's largest and one of the most lucrative projects in the energy sector. The race for a role in the project has drawn in several of the world's largest energy companies, including Exxon Mobil and Shell, which have also offered QP stakes in some of their most prized ventures.
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