Qatar Petroleum Was Quick to Absorb Impact of Saudi-Led Blockade: CEO

Published October 5th, 2017 - 12:50 GMT
Saad Sherida al Kaabi, Qatar Petroleum's President and CEO. (File photo)
Saad Sherida al Kaabi, Qatar Petroleum's President and CEO. (File photo)

Qatar Petroleum (QP) and its group of companies quickly managed to absorb the initial impact of the siege imposed on Qatar by the Saudi-led bloc, and continued to operate and export without any disruption across all its oil and gas facilities, QP President and CEO, and Chairman of Qatargas, Saad Sherida al Kaabi said during a visit to Japan recently.

"Qatar's oil and gas businesses were targeted directly by the blockade. The measures were basically aimed at interrupting our export of hydrocarbons in any way possible, but our reaction was clear and decisive," Kaabi said.

He also hailed the support of Japanese businesses during the ongoing blockade.

Kaabi, accompanied by a delegation of senior QP and Qatargas officials, returned to Doha after a two-day working visit to Japan, during which he held talks with senior executives of major Japanese energy companies on boosting existing relations and cooperation, a press release said on Wednesday.

The talks centred on developing relations and cooperation with Japanese customers and partner companies, particularly on the LNG trade, and included high-level discussions with chairmen, presidents, and senior executives of Japanese firms, the statement added.

The QP delegation held meetings with Japanese corporations and companies including Chiyoda, JGC Corporation, Japan Bank for International Cooperation (JBIC), JERA, Chubu Electric, Marubeni, Bank of Tokyo-Mitsubishi UFJ, Cosmo, Itochu, LNG Japan, Sumitomo Mitsui Banking Corporation SMBC, Tohoku Electric, the Ministry of Economy, Trade and Industry and a number of shipping companies.

Before leaving Tokyo, Kaabi hosted the annual Qatargas reception in honour of its Japanese partners and customers, which was attended by around 500 guests, the statement said.

During the event, Kaabi said, "We, in Qatar, and particularly in the energy sector, place a very special emphasis on more than four decades of cooperation, partnership and genuine friendship with Japan. Our commitment to our Japanese partners and friends goes beyond the day-to-day business of supplying energy products. It is about sharing values and interests, and maintaining an honest and frank exchange of ideas and experiences."

He also asserted QP's commitment to maintaining its internationally renowned reputation of a safe, trustworthy, and reliable energy producer and supplier.

"We are moving forward exploring opportunities, enhancing our international partnerships, and strengthening Qatar's leading position as a major player in the global oil and gas industry. With this renewed determination comes a more determined desire not only to maintain but also to further develop our historic relations with our friends in Japan," Kaabi added.

The reception was attended by the envoys of Qatar and Japan, members of the Arab and international diplomatic corporations, mayor of Tokyo, government officials, senior executives from the energy and banking sectors, as well as a number of Qatari students in Japan.

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