Qatar Petroleum to absorb Tasweeq

Qatar Petroleum (QP) announced over the weekend its intention to integrate the Qatar International Petroleum Marketing Company, better known as Tasweeq. The process is expected to be concluded by year-end 2016.

According to QP, the efforts to incorporate Tasweeq’s human resources and assets is part of an ongoing process to improve the company’s performance and services, as well as its overall competitiveness by increasing effectiveness and efficiency.

“The integration of Tasweeq into QP will unquestionably help us to enhance our ability to offer superior integrated products and services in an ever more competitive and demanding market environment. It will also help us maximise greater value for QP and the State of Qatar across the entire oil and gas value chain,” President and CEO of QP Saad Sherida Al Kaabi said in a company statement. He added that QP is determined to “deliver on its ambition to become one of the best integrated national oil companies in the world.”

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