Qatar Petroleum (QP) announced its decision to integrate Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) into QP, as part of its efforts to strengthen its global competitive position in the downstream sector, according to a press release.
The integration of the companies will involve merging a set of human, technical, commercial, and financial capabilities, as well as customer relationships into QP’s organization. This integration is expected to take place in the upcoming months and will enable QP to expand its global outreach.
Saad Sherida Al-Kaabi, President and CEO of Qatar Petroleum, said, “The integration of Muntajat into QP is a strategic move that will further strengthen our downstream capabilities and enhance the State of Qatar’s global competitive position in the downstream sector. We are committed to establishing a center of excellence for the downstream business in Qatar by pooling the commercial, technical, and financial capabilities of both QP and Muntajat, and by leveraging higher efficiencies in the deployment of our human and financial resources.”
Despite the announcement of this integration, Muntajat will continue to honor its commitments and contractual obligations to to all its customers around the world with no interruption and with the same superior customer service.