To be completed in 2017, the plans call for the merger of Mesaieed Petrochemical Holding Company unit Qatar Vinyl Company with Qatar Petrochemical Company, a division of Industries Qatar. Work on the integration will kick off in March.
Shareholders “will directly benefit from this integration as it reduces the operating cost and enhance the profitability of both companies,” Saad Sherida Al Kaabi, Qatar Petroleum’s CEO, said in an e-mailed statement to Bloomberg.
Earlier this year, plans to merge <a href=’https://theenergyyear.com/companies-institutions/qatargas/’>Qatargas and RasGas were announced.
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
This website uses cookies.