Qatar Petroleum plans to merge RasGas and Qatargas

Doha - Mubasher: Qatar Petroleum (QE) said it plans to integrate the activities of RasGas and Qatargas operating companies under a single entity, named Qatar gas, which will operate all of the ventures currently being operated by both entities.

"The integration aims to create a truly unique global energy operator in terms of size, service and reliability," said Saad Sherida Al-Kaabi, President and CEO of QE.

The integration process is planned to start immediately and is expected to be completed within the next 12 months, said Al-Kaabi on the sideline of press conference.

He noted that the existing operations groups within both companies will not be impacted at all by the integration, as the highest priority is given to ensuring a safe, seamless and risk-free business continuity.​

Mubasher Contribution Time: 11-Dec-2016 10:14 (GMT)
Mubasher Last Update Time: 11-Dec-2016 10:54 (GMT)