Shura Council approves Qatar Petroleum decree law, forms temporary special committee for internal regulations
Gulf Times
The Shura Council held today its regular weekly session, chaired by HE Speaker of the Shura Council Hassan bin Abdullah Al Ghanem.
At the beginning of the session, the Council discussed decree law No. 18 of 2021 amending some provisions of decree law No. 10 of 1974 regarding the establishment of Qatar Petroleum. The decree law sees Qatar Petroleum change its name to Qatar Energy.
The decree law defined the purpose of Qatar Energy activities. It stated that the company will operate in the petroleum industry in Qatar and abroad, at all stages of this industry, including exploration for petroleum, natural gas and other hydrocarbons, as well as the production, refining, transportation and storage of them. The company would also engage in trading these materials, distributing, selling and exporting them. The company will also operate in the field of renewable and alternative energies of all kinds, whether inside the state of abroad. The Company could also carry out all acts and actions leading to the achievement of its aforementioned purposes, in accordance with the policies, plans and programs approved by the Supreme Council for Economic Affairs and Investment.
After deliberations, the council approved the decree law.
