# QatarEnergy Agrees to Buy 25% of Namibia Exploration License

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/53073
Published: 2026-11-10T12:25:40.000Z
Updated: 2026-11-10T12:25:40.000Z
Section: Business

> The license covers blocks 2112B and 2212A, and the agreement remains subject to customary regulatory approvals.

QatarEnergy agreed Monday, Nov. 9, to acquire a 25% stake in Namibia’s Petroleum Exploration License 0082, expanding its footprint in the country as it adds an exploration asset to its African holdings.

The license, known as PEL82, comprises blocks 2112B and 2212A. QatarEnergy will acquire the stake from Chevron Namibia Exploration II Limited, a Chevron subsidiary.

The agreement is subject to customary regulatory approvals. Financial terms were not disclosed.