QATAR

QP To Downsize Foreign Staff In Reorganization Plan

QP has finalized a long-awaited restructuring program that will see the integration of its overseas arm QPI. This will come with a reduction in the number of foreign employees and QP’s withdrawal from non-core businesses.

State-owned oil and gas giant Qatar Petroleum (QP) announced a major corporate shake up at a media briefing in Doha on 24 June. The firm will cut back on its foreign interests and withdraw from non-core (ie...