State-owned Qatar Petroleum (Doha), which owns much of the country’s petchems operations, issued a statement following a decision by several Mideast states, including Saudi Arabia, to cut diplomatic relations with Qatar.
“In response to the recent unfortunate developments in the region, Qatar Petroleum and its subsidiaries have immediately mobilized all available resources and activated its business continuity plans to mitigate the impact of any action that could hamper its efforts to ensure safe and reliable energy supplies to all its customers across the globe.”
Qatar Petroleum, and its subsidiaries are conducting business as usual throughout all of the companies’ upstream, midstream and downstream businesses and operations, the company says. “We are closely monitoring and assessing all developments, and are prepared to take the necessary decisions and measures, should the need arise, to ensure that we always honor our commitments and obligations to all our customers and partners locally, regionally, and internationally.”
Saad Sherida Al-Kaabi, Qatar Petroleum’s president and CEO expressed his gratitude to the oil and gas sector in Qatar, as well as QP’s international partners and service providers for their efforts during the past few days, which helped mitigate the initial difficulties caused by the recent developments. He assured Qatar’s LNG customers of QP’s “determined efforts to continue uninterrupted supplies as the world’s most reliable LNG supplier.”
Qatar is the largest LNG producer and exporter, contributing more than 30% of the global LNG trade and supplying customers in all major LNG consuming countries in the world. Qatar is also a major exporter of natural gas by pipeline to neighboring countries. In addition, Qatar is the largest exporter of helium and gas-to-liquids products (GTL), and a major exporter natural gas liquids (NGLs), refined products, petrochemicals, fertilizers, steel and aluminum.
By Natasha Alperowicz
Source: Chemical Week
Corteva (Indianapolis, Indiana) says it has signed a definitive agreement to acquire Stoller Group (Houston, Texas), a producer of biostimulants and plant nutrition products, for $1.2 billion. Stoller is one of the largest independent biologicals companies globally, with operations in more than 60 countries and more than $400 million in annual sales.
OMV has announced its new corporate structure today, designed to fully enable the delivery of Strategy 2030. The new organization will be built on five distinct areas. In addition to the CEO and CFO areas, three business segments will be established: Chemicals & Materials, Fuels & Feedstock, and Energy.
The European petchem sector is readying for some tough quarters. It’s a different picture in the US. So is this the best time ever to find a new role in the chemical industry? If you are in Europe, you would expect me to say probably not. But actually, it depends. So let me give you four answers to this question.