Qatar: QP restructuring

State-owned Qatar Petroleum (QP) is to announce a restructuring plan in response to the fall in global oil prices, according to QP subsidiary Qatar Petroleum International’s chief executive Nasser Al-Jaidah. Talking to state news agency QNA on 16 May, Al-Jaidah said the low cost of oil was “a great motivation” for QP to make itself more adept at facing challenges ahead “by getting rid of all burdens that accumulated during the previous period”. In January, QP said it would absorb QPI into its structure, in line with efforts to streamline other state institutions since Emir Sheikh Tamim came to power.