VOL. XXXIX

No. 38

17-June-1996

QATAR

Qafac Partnership Amended Following Withdrawal Of Total

The Qatar General Petroleum Corporation (QGPC) signed an agreement on 9 June providing for the reconstitution of the partners' shareholdings in the Qatar Fuel Additives Company (Qafac), following Total's decision last month to withdraw from the project (MEES, 20 May). Under the new agreement, Total's interest in Qafac, amounting to 12.5%, was taken up by the Taiwanese and Canadian partners in...