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Qatar Petroleum acquires Tasweeq

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LNG Industry,

Qatar Petroleum has reported the integration of Tasweeq into the QP family.

The integration will involve transitioning Tasweeq’s employees, assets and customer relationships into the QP organisation before the end 2016.

The integration of Tasweeq will enable QP to deliver superior products and services by leveraging a combined set of technical, commercial and financial capabilities and provide more integrated and attractive value propositions to its international customers and partners, while ensuring high effectiveness and efficiency in the use and deployment of the integrated group's human and financial resources.

Saad Sherida al-Kaabi, President and CEO of Qatar Petroleum, said: "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 & gas value chain”.

Al-kaabi added: “QP looks forward with enthusiasm, confidence and a great sense of responsibility to deliver on its ambition to become one of the best integrated National Oil Companies in the world and, with Tasweeq, it is confident that this integration represents another key milestone that will help QP further enhance its competitiveness and distinctiveness.”

Edited from press release by

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