QGPCQatar General Petroleum Corporation
QGPCQatar General Petroleum Company
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But BP failed to get Doha to revise the EPSA terms (at the time, QGPC was still under the control of the then emir, Shaikh Khalifa bin Hamad al-Thani, whose aides on the company's board were strongly against giving foreign firms terms similar to those in Abu Dhabi, Oman, etc).
In late 1989, QGPC (renamed QP in January 2001) launched a $200m programme to raise capacity to 220,000 b/d by 1993.
Because foreign partners were reluctant to help finance the LNG project, QGPC raised capital for the North Field through loans it had linked (with great optimism) to future petroleum sales.
Attiyah made himself chairman of QatarGas and appointed QGPC board member Yousef Hussein Kamal as chairman of Rasgas.
The QGPC Board Of Directors: Named QP since the beginning of 2001, the company's board of directors was reshuffled on Nov.
The signing, after the positive outcome of a pre-feasibility study, means that the proposed US$420 million joint venture could go on stream as early as 2003 if all goes ahead as expected to clinch the deal, in which QGPC would be a 51 per cent shareholder.
In July 1988, as crown prince, Shaikh Hamad signed the decree which made QGPC the sole executive authority in charge of all aspects of the petroleum sector, at the expense of the ministry's Petroleum Department.
Personally active in oil diplomacy, Shaikh Hamad often intervenes in QGPC efforts to market Qatar's oil and gas around the world.
QGPC was established by Emiri Decree in 1974, and as a national organisation wholly owned by the state is responsible for all phases of the oil and gas industry.
Under the influence Shaikh Khalifa, QGPC refused to grant an EPSA for any of the field's structures.
At the same time, Attiya also became chairman and managing director of QGPC.
Minister of Energy and industry, Abdullah Bin Hamad Al Attiyah, who is also board chairman of QGPC told Qatar News Agency: "The agreement, the 10th between QGPC and foreign companies to explore oil and gas in Qatar, falls within the State's policy of increasing the country's hydrocarbon reserves base, enhancing oil and gas production capabilities, and expanding those industries to diversify national income and firm the State's economic base.