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  • Qatar Petroleum Announces the Integration of Qatargas and RasGas Operating Companies
    édité le 12/12/2016 - Plus de news de "QatarEnergy" - Voir la fiche entreprise de "QatarEnergy"

Qatar Petroleum Announces the Integration of Qatargas and RasGas Operating Companies
Qatar Petroleum (QP) announced a plan to integrate the activities of RasGas and Qatargas operating companies under a single entity, named Qatargas, which will operate all of the ventures currently being operated by both entities.

Mr. Saad Sherida Al-Kaabi, President and CEO of Qatar Petroleum made the announcement today in a press conference held at QP headquarters in the presence of representatives of the main international shareholders in both companies including ExxonMobil, Total, ConocoPhillips, and Shell, and the CEOs of Qatargas and RasGas.

Mr. Al-Kaabi said “the integration aims to create a truly unique global energy operator in terms of size, service and reliability”. He added that “we will merge the distinctive resources and capabilities of Qatargas and RasGas to create even higher value for our stakeholders, and enhance our competitive position”.

He told reporters that the integration of the activities of these two energy centers of excellence means that upon completion, there will be a single expanded and enhanced operating entity, named Qatargas, that will operate all of Qatar’s LNG ventures.

“The collective resources, talents, and capabilities of two global leaders will be joined to create an even more effective and efficient organization to uphold the best interest of the State of Qatar, our customers, and our shareholders,” the President and CEO of Qatar Petroleum added.

He paid tribute to the high Qatari competencies and capabilities, which were at the center of attention and development throughout the history of Qatargas and RasGas, and which have proven high professionalism in their various fields of expertise. He also affirmed that all Qatari nationals in both companies will be integrated into the new Qatargas organization, which constitutes a major cornerstone in our utmost commitment to building world-class Qatari talent.

Mr. Al-Kaabi concluded his remarks at the press conference by emphasizing Qatar Petroleum’s resolve to achieve its vision ‘to become one of the best national oil companies in the world’, and to ensure the reinforcement of Qatar’s continued and sustainable economic growth. Hence, this and other initiatives that QP has embarked upon, are all enablers that will make our vision become a reality”.
The integration process is planned to start immediately and is expected to be completed within the next 12 months. Noting 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.​

About Qatar Petroleum

Qatar Petroleum (QP) is a state-owned corporation established by Decree Law No. 10 in 1974. It is responsible for all phases of the oil and gas industry in the State of Qatar.
The principal activities of QP, its subsidiaries and joint ventures are the exploration, production, local and international sale of crude oil, natural gas and gas liquids, liquefied natural gas, refined products, synthetic fuels, petrochemicals, fuel additives, fertilizers, steel and aluminium.
The operations and activities of QP and its affiliates are conducted at various onshore locations, including Doha, Dukhan and the Mesaieed and Ras Laffan Industrial Cities, as well as offshore areas, including Halul Island, offshore production stations, drilling platforms and the North Field.

About RasGas

RasGas Company Limited (RasGas) is a Qatari joint stock company established in 2001 by Qatar Petroleum and ExxonMobil RasGas Inc. RasGas acts as the operating company for and on behalf of the owners of the liquefied natural gas (LNG) projects RL, RL (II) and RL3 (Project Owners). With operations facilities based in Ras Laffan Industrial City, Qatar, RasGas’ principal activities are to extract, process, liquefy, store and export LNG and its derivatives from Qatar’s North Field. RasGas, on behalf of the Project Owners, exports to countries across Asia, Europe and the Americas. It has a total LNG production capacity of approximately 37 million tonnes per annum.

About Qatargas

Qatargas is the world’s largest LNG producing company with a production capacity of 42 MTA. The State of Qatar, as the world’s leading LNG producer, anticipates that the People’s Republic of China will become one of the world’s largest gas markets.

Origine : Communiqué QatarEnergy

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