Qatar Petroleum informed it has completed the reorganization program which included the integration of Qatar Petroleum International into QP.
Saad Sherida Al-Kaabi, President and Chief Executive Officer of Qatar Petroleum , told reporters at a press conference held at QP headquarters that the integration of QPI into QP means that there is now one corporation that is in charge of Qatar Petroleum’s Oil & Gas business domestically and internationally.
He also noted that this is a period of oversupply in the industry. “While we have no control over markets and prices, we do have control over our cost and expenditure,” Al-Kaabi said.
QP’s President and CEO stressed that QP will not compete in any way with the private sector, also saying that QP will exit the control and management of land allocation in Mesaieed Industrial Area, and such responsibility will be handed over to a government entity to be revealed later.
[mappress mapid=”17471″]