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Saturday, September 25, 2021

Qatar Petroleum to take over Tasweeq by end of 2016

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Qatar Petroleum (QP) has confirmed it will absorb Tasweeq by the end of this year after a Cabinet decision gave the state-backed energy giant more responsibilities. Tasweeq was an independent government firm that sold oil and gas prices to foreign customers.

In a statement on QNA, QP said Tasweeq’s management and employees would oversee day-to-day operations during a “transition period.” It added that it plans to ensure “efficiency in the use and deployment” of the combined group’s staff, but did not confirm whether the move would lead to job loses.

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