Thursday, 15 December , 2016     |     914      |      +      |     

Qatar to merge LNG producers Qatargas and RasGas

Qatar to merge LNG producers Qatargas and RasGas :
  • Gulf News

Qatar will merge state-owned liquefied natural gas producers Qatargas and RasGas Co Ltd, the chief executive of Qatar Petroleum announced on Sunday.

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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Category: #Gulf News, #Qatar | 2016/12/15 latest update at 4:00 AM
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