Qatar Petroleum CEO Departs to China for Talks on Energy Cooperation
Saad Sherida Al Kaabi (pictured), Qatar Petroleum President & CEO and the Chairman of Qatargas, left for China as the head of an official delegation to discuss cooperation in the energy field.
Al Kaabi and the high-level delegation from QP and Qatargas will hold talks with chief executives of major Chinese energy companies such as China National Offshore Oil Corporation (CNOOC), China National Petroleum Corporation (CNPC), China Petroleum & Chemical Corporation (Sinopec), Beijing Gas, and other major institutions.
The visit gains great importance as it comes at a time when China leads the drive behind the increasing global demand for energy, and increasing cooperation between China and Qatar.
Qatar launched the first direct shipping line between Hamad Port and Shanghai in 2017, followed by an agreement between Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat), the marketing arm of Qatar Petroleum, and Qatar Ports Management Company (Mwani) to launch direct petrochemical shipping services from Hamad Port to a number of ports, including the port of Shanghai.
Source: The Peninsula
Qatar Petroleum (QP) is a state-owned public corporation established by Emiri Decree No. 10 in 1974. It is responsible for all phases of the oil and gas industry in the State of Qatar.
The principal activities of QP, its subsidiaries and joint ventures are the exploration, production, local and international sale of crude oil, natural gas and gas liquids, refined products, synthetic fuels, petrochemicals, fuel additives, fertilizers, liquefied natural gas (LNG), steel and aluminium.
QP’s strategy of conducting hydrocarbon exploration and development is through Exploration and Production Sharing Agreements (EPSA) and Development and Production Sharing Agreements (DPSA) concluded with major international oil and gas companies.
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