Qatar Petroleum (QP) has rolled out its new corporate strategy and core values designed to realise their vision of becoming ‘one of the best national oil and gas companies in the world’.
The roll out signals a new era of growth for QP, led by the planned expansion of the North Field production, which will further boost Qatar’s leading global position by raising its LNG production from 77 million tonnes to 100 million tonnes per year. It also comes amidst an increasing international upstream activity, which saw QP expand to include promising offshore areas spanning Latin America, Africa, the Mediterranean, and the Middle East.
Qatar Petroleum’s Corporate Strategy was rolled out during a three-day event held at its headquarters, in which senior management and executives from Qatar Petroleum and its affiliates discussed its various elements and their implementation. The strategy is designed to strengthen QP’s technical capability and operating model, maximise upstream value to the State of Qatar, create a large-scale value-adding international portfolio, reinforce Qatar’s LNG and global gas position, maximise downstream added value, and promote energy efficiency and optimum energy mix in Qatar.
Speaking at the event, QP President and CEO Saad Sherida Al-Kaabi said that the new strategy and values come at a critical time of their expansion.
We are developing a global business and are also enhancing our competitive position as a global energy player, leaving our positive mark across the world. This would not be possible without the great support and guidance from HH Sheikh Tamim bin Hamad Al Thani, the Emir of the State of Qatar.’
QP’s core values were also shared and discussed during the special event. The values – integrity, safety, excellence, collaboration, responsibility and respect – describe the standards of behaviour that will shape their desired corporate culture and will serve as key to achieve their vision.
For more information about QP, visit their website at qp.com.qa.
