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Tribune News Network
Doha
The Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) has been integrated into Qatar Petroleum (QP), as part of its strategic efforts to strengthen Qatar’s downstream capabilities and enhance its global competitive position in the downstream sector.
With this integration, Muntajat will continue to exist as a legal entity, while QP has been appointed as its marketing agent.
This milestone follows QP’s announcement on June, 2020, that the integration would involve leveraging the combined set of human, technical, commercial, and financial capabilities of both entities, enabling Muntajat to expand its reach through QP’s global footprint.
HE Saad Sherida Al-Kaabi, Minister of State for Energy Affairs, and the President and CEO of Qatar Petroleum, described the integration as “another successful landmark on the road to achieving our strategic objectives.”
“We look forward to further enhancing Qatar Petroleum’s capabilities through our combined talent, experience and capabilities that will eventually benefit our worldwide network of downstream customers and keep us as the partner of choice providing superior high quality products and excellence in customer service,” he added.
This integration marks another step towards achieving one of Qatar Petroleum’s strategic objectives of becoming a leader in the global downstream industry.
Doha
The Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) has been integrated into Qatar Petroleum (QP), as part of its strategic efforts to strengthen Qatar’s downstream capabilities and enhance its global competitive position in the downstream sector.
With this integration, Muntajat will continue to exist as a legal entity, while QP has been appointed as its marketing agent.
This milestone follows QP’s announcement on June, 2020, that the integration would involve leveraging the combined set of human, technical, commercial, and financial capabilities of both entities, enabling Muntajat to expand its reach through QP’s global footprint.
HE Saad Sherida Al-Kaabi, Minister of State for Energy Affairs, and the President and CEO of Qatar Petroleum, described the integration as “another successful landmark on the road to achieving our strategic objectives.”
“We look forward to further enhancing Qatar Petroleum’s capabilities through our combined talent, experience and capabilities that will eventually benefit our worldwide network of downstream customers and keep us as the partner of choice providing superior high quality products and excellence in customer service,” he added.
This integration marks another step towards achieving one of Qatar Petroleum’s strategic objectives of becoming a leader in the global downstream industry.
