VOL. XLVI

No 17

28-April-2003

QATAR

QP Forms Holding Company To Facilitate Partial Privatization Of Four Firms

Qatar Petroleum (QP) announced on 16 April the formation of a new company, Industries of Qatar, which will facilitate the partial privatization of four state firms. QP will transfer all of its controlling shares (75%) in Qatar Fertilizer Company (QAFCO), Qatar Fuel Additives Company (QAFAC 50%) and Qatar Petrochemical Company (QAPCO 80%) along with all shares in Qatar Steel Company...