Qatar Petroleum to Merge RasGas, Qatargas Operating Companies

Qatar Petroleum is merging the RasGas and Qatargas operating companies under a single entity – Qatargas. The merger is a reaction to lower oil and gas prices which affected Qatar’s finances by massively reducing revenues coming from oil and gas activities. Qatar now wants significant improvements in operating efficiencies largely by reducing duplication across its two major hydrocarbon producing and exporting businesses.

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