Qatar Petroleum (QP) has decided not to assign any contracts by direct agreement with the relevant parties, including wholly or partly owned companies by QP or its subsidiaries, according to a report.

This was disclosed by Gulf International Service (GIS), a subsidiary of QP, in a regulatory filing to Qatari bourse recently, said the Peninsula report.

The decision is part of its role to emphasise the importance of strengthening the principals of fair and equal competition through providing genuine participation opportunities for all qualified parties, it noted.

Source: Trade Arabia