(MENAFN) Global energy firm Royal Dutch Shell said that it agreed to sell a 23 percent stake in an offshore project in Brazil to Qatar Petroleum International, Arabian Business reported
Shell said that the Qatari company has decided to buy the stake in the Parque das Conchas (BC-10) project for nearly USD1 billion
Shell stated that it will continue to operate the project with a 50 percent working stake and retains a significant upstream presence in Brazil
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