Doha: Qatar Petroleum announced that it has completed the successful integration of Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) Q.J.S.C. into Qatar Petroleum (QP).
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 of June 2020, in which it stressed that the integration will 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.
H E Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, 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,” Minister added.
This integration marks another step towards achieving one of Qatar Petroleum’s strategic objectives of becoming a leader in the global downstream industry.
