Dubai PR Network, Online Press Release from Dubai and Middle East
Filter PR by
  
Qatar Petroleum International integrated into Qatar Petroleum
Qatar Petroleum International integrated into Qatar Petroleum

Doha, Qatar -  Qatar Petroleum (QP) board of directors has decided to integrate Qatar Petroleum International (QPI) within QP, in an effort to further expand Qatar Petroleum’s growth, development and international presence.

With this integration, QP will leverage a combined set of technical, commercial and financial capabilities, while ensuring the highest effectiveness and efficiency in the use and deployment of its human and financial resources.

The integration will see QPI’s employees, assets and projects transition into the new QP organization commencing in March of this year.

Mr. Saad Sherida Al Kaabi, President and CEO of QP, said: “The integration of QPI into QP will unquestionably help us enhance our ability to expand internationally and extract further value for QP and the State of Qatar across the oil & gas value chain.”

“QP looks forward with enthusiasm, confidence and a great sense of pride and responsibility to deliver on its next phase of international growth. We are confident that this integration will further support QP’s vision to become a world class oil & gas corporation, with its roots in Qatar, and a strong international presence,” Mr. Al Kaabi concluded.

On his part, Mr. Nasser Khalil Al-Jaidah, CEO of QPI, said: “As the international investment arm of QP, QPI has delivered on its mandate by securing a multibillion dollar portfolio of global investments with leading international companies. This strategic transition combines the strength of both companies to become a fully integrated international energy player. We look forward to the next phase of growth under the capable leadership of QP and for the full benefit of the State of Qatar.”

During this transition and before full integration, QPI management and employees will continue to manage QPI’s day-to-day operations and remain the key focal points for all QPI partners, customers and suppliers.

QPI was founded in 2007 with the objective of establishing QP’s international presence across different countries. QPI’s mandate was to fulfill the critical role of incubator for QP by building a portfolio of assets and opportunities internationally. Over the last few years, QPI has partnered with leading global players to form ten joint ventures across four continents.

Posted by : GoDubai PR Dept, -
Viewed 20386 times
PR Category : Energy and Industry
Posted on : Sunday, March 15, 2015  1:05:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to

Related Stories


 
 
Most Viewed Press Release posted in the last 7 days
Move Aside C-beauty, K-beauty and J-beauty - There's a New Trend in Town and It Hails Fro... [8296-Views]
Autumn/Winter 19: Step out in the latest styles with City Centre Deira and City Centre Mir... [7131-Views]
Think LUNETTE for an earth-friendly period [6680-Views]
Restoration by Parmigiani Fleurier -The Yusupov Egg [5313-Views]
ACE launches its new and inspirational Outdoor collection [5240-Views]
Chain Reaction [5203-Views]
Dress for Diwali With the Rack by Kachins [5094-Views]
Sandro Launches Evening Capsule Collection [4880-Views]
‘A Gift of Gold' offers at Malabar Gold & Diamonds [4831-Views]
Celebrate guilt-free shopping to your fullest! [4752-Views]
VAIO returns to Middle Eastern in partnership with Nexstgo [4728-Views]
Eighth World Championship title in all categories for Tissot Ambassador Marc Marquez [4691-Views]
His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum Challenges the City to Be ‘I... [4551-Views]
Handbags and Gladrags [4538-Views]
Unifonic empowers business to capitalize on instant messaging apps to engage with customer... [4386-Views]
A new model for the ladies enriches the Corum AC-One collection with luscious femininity [4209-Views]
New Strategic Partnership with Hewlett Packard Enterprise to help accelerate Abu Dhabi Dig... [4178-Views]
Saudi Arabia's Ministry of Energy highlights enhanced cybersecurity credentials at GITEX T... [4099-Views]
The S Hotel Al Barsha reveals five new food and beverage offerings [4026-Views]
Hazzaa AlMansoori Undergoes Medical Experiments at Stars City as part of His Scientific Mi... [4020-Views]
Saif bin Zayed unveils first floating Smart Police Station [4014-Views]
Dubai Land Department welcomes Saudi Minister of Housing [4008-Views]
Save the Children Jordan launches TREE program “Transforming Refugee Education towards Exc... [3941-Views]
During a press conference to announce the completion of preparations of Summit that will b... [3928-Views]
Sofas for Lavish Lounging from 2XL Furniture & Home Decor [3904-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories