Doha: Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat), was honoured with the 2013 Downstream Company of the Year award by The Oil and Gas Year, a leading international publication chronicling the industry, during a ceremony at the InterContinental Hotel in Doha.
The publication identified Muntajat as “one of the most important developments Qatar’s downstream sector has seen in decades” and acknowledged the company’s achievements.
Receiving the award Abdulrahman Ali Al Abdulla, CEO of Muntajat, said: “We’re delighted to receive this award, as it validates the great progress against operational and commercial milestones Muntajat has achieved in its first three quarters of operation. It’s proof positive that we are delivering on the mandate entrusted to us by the leadership of the State of Qatar in creating Muntajat to represent the chemicals and petrochemicals sector abroad.”
Al Abdulla added: “This award would not have been achieved without the support of His Excellency Dr. Mohammed Bin Saleh Al-Sada Minister of Energy and Industry and Chairman of the Muntajat Board of Directors and the commitment of the Qatari producing entities.”
Janis Kreilis, Country Director for The Oil & Gas Year Qatar said: “Qatar Chemical and Petrochemical Marketing and Distribution Company is the most important development in Qatar’s downstream industry for the 2012/2013 period. The formation of Muntajat has strengthened Qatar’s position in the global petrochemicals industry, and the company will more effectively add value to the country’s hydrocarbons resources. Downstream Company of the Year has been awarded in recognition of the efforts to increase Qatar’s global presence in the downstream industry.”
In the course of the past seven months, Muntajat has well advanced in its strategic consolidation programme with nearly 90 percent of Qatar’s chemical, polymer and fertiliser export portfolio already transitioned.
The Peninsula
