Qatar Petroleum has announced its decision to integrate Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) into QP as part of its ongoing efforts to “strengthen its global competitive position” in the downstream sector.
The integration will involve leveraging a combined set of human, technical, commercial, and financial capabilities, as well as customer relationships into the QP organisation with the aim of being completed within the next few months, which will enable QP to continue expanding its global reach, and to remain the partner of choice, providing superior high quality products and excellence in customer service.
HE the Minister of State for Energy Affairs, Saad bin Sherida al-Kaabi, also the president and CEO of QP, said, “The integration of Muntajat into QP is a strategic move that will further strengthen our downstream capabilities and enhance the State of Qatar’s global competitive position in the downstream sector.
“We are committed to establishing a center of excellence for the downstream business in Qatar by pooling the commercial, technical, and financial capabilities of both QP and Muntajat, and by leveraging higher efficiencies in the deployment of our human and financial resources.”
During the integration process, Muntajat will continue to deliver its commitments and contractual obligations to all its customers around the world with no interruption and with the same superior customer service.
This integration marks another step towards achieving QP’s vision to become one of the best national oil and gas companies in the world, QP said on Thursday.