Qatar will merge state-owned liquefied natural gas producers Qatargas and RasGas Co Ltd, the chief executive of Qatar Petroleum announced on Sunday.
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The transition will take around 12 months to complete and will begin before the end of this year, Saad al-Kaabi told a news conference.
The tie-up will not reduce the two companies’ operational costs at present and there will be no immediate job cuts, although there could be future reductions in manpower, Kaabi added.
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