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FINANCIAL NEWS
Qatar to separate Qatar Pertroleum from govt
10 Jul 2013
(MENAFN) Plans to separate Qatar Pertoleum from the Energy Ministry are supposed to be urgently applied by the new Qatari’s leadership aiming at keeping the world’s largest liquefied gas producer on top amid the increasing competition in this field, reported Arab News.
United States, Australia and East Africa are raising the bar with new plans for oil flows to the market, which will keep them under Qatar’s global LNG watch in its efforts to stay dominant.
Qatar Petroleum stated that; “In many ways it (the plan) would increase efficiency,”, and explained that: “The rationale behind the desire for international growth is the moratorium, as the growth potential at home is limited.”
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