State-owned Muntajat, the company with the exclusive rights to market and distribute Qatar’s regulated chemicals and petrochemicals, has taken over the marketing, sales and distribution activities of Qatar Fuel Additives Company Limited (Qafac).
From early this month, Muntajat has taken over the marketing, sales and distribution of the methanol and methyl tertiary-butyl ether (MTBE) produced by Qafac and has also taken the first order for these products.
The two are part of the regulated chemical and petrochemical products that Muntajat will sell to customers in more than 120 countries worldwide in line with an Emiri Decree.
HE the Minister of Energy and Industry, Dr Mohamed bin Saleh al-Sada, also Muntajat chairman said: “The creation of Muntajat is a landmark achievement that signals the emergence of Qatar’s chemicals and petrochemicals industry on the world stage. By consolidating the distribution and marketing channels of these products, it will play an increasingly important role in supporting the progress of both the global chemical and petrochemical industry, as well as Qatar’s national economy.”
Customers can expect a seamless transition to Muntajat of the current marketing, sales, and associated operations activities of Qafac, ensuring continuous supply to its existing customers. As part of its strategic migration plan, Muntajat has informed all Qafac’s current customers about the transition of service arrangements and is carrying out direct customer visits to “reassure and strengthen” the commercial relationships.
Muntajat CEO Abdulrahman Ali al-Abdulla said, “February 1 marked two commercial milestones for Muntajat - completion of the Qafac transition as well as taking our first client order. We are moving ahead as per plan to achieve the targeted full transition of marketing, sales and distribution activities from all of Qatar’s producing entities by mid-2013.”
Qafac is the first of the nine producing entities for which Muntajat has the mandate to exclusively market, sell and distribute regulated products produced in Qatar.
“Founding Muntajat is considered a significant step taken by Qatar since it aims at gathering all the marketing expertise in one company rather than having it scattered in different companies. Having Muntajat marketing our products will enable us to focus on optimising our operations,” said Nasser Jeham al-Kuwari, Qafac board member and general manager. “The end result of the transition will be positive for both companies and customers,” he said.