Rebranded Qatar Energy Touts Broad Strategy, No Plans to Sell Assets

The new name represents a broader strategy included a focus on energy efficiency and environmentally-friendly technology, CEO Saad al-Kaabi said.

Reuters

Qatar changed the name of its state-owned oil and gas firm to Qatar Energy from Qatar Petroleum to reflect what it said was a broader strategy but said it had no plans to sell assets to raise funds as other Gulf state producers have.

"We have plenty of cash," Chief Executive Saad al-Kaabi said on Oct. 11, indicating the Qatari firm would not follow in the footsteps of Gulf rivals which have sold assets, such as Saudi Aramco and Abu Dhabi National Oil Co.

Already have an account? Log In

Sign up for FREE access to view this article now!

Unlock Free Access