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.
The merger of Qatargas and RasGas will save the country QR2bn in operating costs annually, Qatar Petroleum president and CEO, Saad Sherida al-Kaabi said. The new entity, which is called Qatargas, started operations on January 1.
Qatar Petroleum (QP) has said all crude oil produced in the State of Qatar for export to international markets has been designated by a ministerial directive as a “regulated product” with effect from January 1.
The 172 honorees specialised in 25 different disciplines and graduated from distinguished universities in Qatar, France, the US, and the UK.
The parties will comprise of Qatar Petroleum with a participating interest of 30%, Eni with a participating interest of 55%, and Oman Oil Company with a participating interest of 15%.
QP president and chief executive Saad Sherida al-Kaabi held talks with senior executives of major Japanese energy companies on enhancing existing relations and cooperation.
The North Oil Company (NOC), a 70:30 joint venture between Qatar Petroleum (QP) and France's Total, will see investments of $3.5bn over the next five years in Qatar's giant Al Shaheen oilfield, whose production will be limited to 300,000 barrels per day.