HE the Minister of Energy and Industry, Dr Mohamed bin Saleh al-Sada will deliver the opening address and be present throughout the forum.
Qatar Petroleum will hold its two-day Business Planning Forum from today.
The event to be held at the Four Seasons will be held under the patronage of HE the Minister of Energy and Industry, Dr Mohamed bin Saleh al-Sada.
Al-Sada will also deliver the opening address and be present throughout the forum, which will be attended by top officials from QP’s various directorates and departments.
The forum will focus on the QP’s overall business plan, including its upstream strategy and operations strategy. In addition, it will discuss the implementation of QP’s strategy in the specific activities of its various directorates and corporate departments.
Over the course of the event, there will be presentations from QP’s Oil & Gas Ventures Directorate, Operations Directorate, Technical Directorate, Industrial Cities Directorate, HSE Regulations & Enforcement Directorate, Downstream Ventures Directorate, Industrial Security Directorate, Administration Directorate, Refining Directorate and Finance Directorate.
The planning forum will also feature presentations from QP’s Corporate HSE Department, Public Relations & Communications Department, Research & Technology Department, Corporate Purchasing & Contracts Department, Internal Audit Department and Legal Department.
“The QP Planning Forum 2014 will provide all the participants the opportunity to present their respective business plans for the current year as well as to learn what other directorates and departments will be doing in accordance with QP’s overall business strategy,” QP said.
Oman to sell 19% of Omantel in 2 phases
Oman will sell 19% of its former telecommunications monopoly Omantel in two phases, with the first reserved for wealthy local investors and due to finish in March and the second open to all Omanis, Omani media reported.
The government, which now owns 70% of Omantel, in September announced plans to reduce its holding to 51% through a public share sale, a month later appointing Bank Muscat as adviser.
Since then, there has been no further official announcement, but some Muscat newspapers this week quoted Saud bin Nasser al-Shukaily, secretary-general for taxation at the Ministry of Finance, as saying a first phase of the sale would consist of a private placement for investors buying more than 2mn rials ($5.2mn) worth of shares.
This will be open to major local individual investors and to institutional investors, and is expected to be completed in March, al-Shukaily said. A book-building process will determine the price.
The second phase would be open to all Omanis. The government would sell 142.5mn Omantel shares in total.