Qatar Petroleum accelerates overseas expansion drive
While international attention is focused on the Qatari state energy company’s flagship domestic LNG project, the firm is quickly building a worldwide portfolio
Government-owned Qatar Petroleum (QP) in late July built on ties with Eni and Total to acquire interests in five exploration blocks in Kenya and Guyana. This is the latest move in a two-year international upstream acquisition spree that has seen the traditionally domestically-focussed company build a substantial portfolio in Africa and the Americas, as well as within the GCC. Global diversification is a long-stated QP aim—one appearing especially prudent in light of its two-year blockade by its GCC peers and rising US-Iranian friction. "QP's international expansion is being driven by corporate strategy," says Lynn Morris-Akinyemi, analyst at consultancy Wood Mackenzie. "It started this lates

Also in this section
25 July 2025
KRG, Iraq’s central government and Turkey are all working to get exports flowing from the key port, but complications remain
25 July 2025
Mozambique’s insurgency continues, but the security situation near the LNG site has significantly improved, with TotalEnergies aiming to lift its force majeure within months
25 July 2025
There is a bifurcation in the global oil market as China’s stockpiling contrasts with reduced inventories elsewhere
24 July 2025
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats