QATAR

QPI And QP To Merge

State-owned Qatar Petroleum (QP) will take over its wholly-owned foreign investment arm Qatar Petroleum International (QPI), as per a decision announced by QP’s board of directors on 26 January. The decision to consolidate Qatar’s oil and gas business is well timed, given the recent collapse in oil prices, and follows this month’s ruling by QP and Shell not to proceed with their $6.5bn Al-Karaana petrochemical project (MEES, 16 January...