Posted on June 23, 2017

Qatar Petroleum (QP) is pleased to announce the successful completion of the integration of Qatar Vinyl Company “QVC” into Qatar Petrochemical Company “QAPCO," (which already operates Qatofin) through the integration of all operations under a single operating company, QAPCO. 

First announced in February 2017 as an integration between QAPCO and QVC, the objective of this operational integration was to enhance the competitiveness, financial performance, and resilience of both companies by creating a single world-class petrochemical operator achieving synergies in size, service and reliability. As of July 1st, the resulting new single operating organization, QAPCO, will fully operate the facilities of all three companies. This operational integration will bring no change to the respective shareholdings of QAPCO, Qatofin and QVC, whose brands will remain fully in place. 

Mr. Saad Sherida al-Kaabi (pictured), Qatar Petroleum President and CEO said “this successful integration is another testament to our commitment to increasing the efficiency, effectiveness, and competitiveness of all our operations. I have no doubt that the combined distinctive resources and capabilities of the three companies will further enhance the value for our customers as well as for the companies’ respective shareholders.” Mr. Al-Kaabi added “I am proud of the achievement of all those who completed this elaborate exercise, which was originally planned to be completed by year end for only QAPCO and QVC. I would like to take this opportunity to thank all the teams involved from QP and the three companies, who contributed to this success.”

The new operating company, QAPCO, will deliver higher performance through the sharing of leadership, talent, resources and capabilities, realizing significant synergies across multiple business and functional areas. QP remains fully committed to delivering on its strategic objective of enhancing and growing the financial performance and competitive position of its business portfolio, and to support the continued and sustainable economic growth of the State of Qatar.​

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