Qatar Petroleum CEO heads to China for talks on energy cooperation
January 09 2018 08:26 PM
Qatar Petroleum president and CEO Saad Sherida al-Kaabi
Qatar Petroleum president and CEO Saad Sherida al-Kaabi

Qatar Petroleum (QP) president and CEO Saad Sherida al-Kaabi, who is also chairman of Qatargas, has left for China as head of a high-level delegation to discuss cooperation in the energy field.

Al-Kaabi and the high-level delegation from QP and Qatargas will hold talks with chief executives of major Chinese energy companies such as China National Offshore Oil Corporation (CNOOC), China National Petroleum Corporation (CNPC), China Petroleum & Chemical Corporation (Sinopec), Beijing Gas, and other major institutions.

In a statement, QP said the visit gains “great importance” as it comes at a time when China is leading the drive behind the increasing global demand for energy, and amidst increasing cooperation between China and the state of Qatar.

Qatar launched the first direct shipping line between Hamad Port and Shanghai in 2017, followed by an agreement between Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat), the marketing arm of QP, and Qatar Ports Management Company (Mwani) to launch direct petrochemical shipping services from Hamad Port to a number of ports, including the port of Shanghai.

CNOOC was a partner with QP and Shell as the winning bidding consortium for the Alto de Cabo Frio-Oeste block in the prolific Santos hydrocarbon basin offshore Brazil.

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