2 | Qatar Petroleum International

Qatar Petroleum International | 3

WHO
WE ARE
Qatar Petroleum International (QPI) was established as a wholly-owned
subsidiary of Qatar Petroleum (QP), the state-owned national oil company of
the State of Qatar, with the aim to promote and advance the interest of the
State of Qatar in the global energy arena of upstream, downstream, and gas
and power through investment in long term projects. To date QPI has been
carving a pivotal role as a significant international energy investor.
QPI has built a reputation
in upstream, downstream
petrochemicals and gas & power
by capitalizing on investment
opportunities and acquisitions
across the value chain. As we look
at our growth since 2007, QPI
has secured multibillion portfolio
of investment partnerships and
joint ventures within the United
States, Canada, United Kingdom,
Italy, Greece, Singapore, Vietnam,
China, Egypt, The Democratic
Republic of Congo and Brazil with
potential other opportunities
located around Asia, Africa,
Europe and the Americas.
QPI participates in its investments
alongside a group of the most
reputable multinational and
national energy companies, in
both acquisitions and greenfield/
brownfield projects. We invest
overseas in companies that
are producing, developing, and
exploring oil and natural gas.
The significance of Qatars
energy resources and ambitious

projects in upstream, downstream

& petrochemical & refinery,
and gas & power projects in
Qatar, is clear evidence of the
successful transformation in
energy management thereby
leveraging the abundant gas
reserves in Qatar for the benefit
of the country. The unwavering
support of the Government of
Qatar has propelled the QP group
of companies to new heights.
Today with Qatars development
and undisputed leadership in
the world as a petrochemical, oil
and gas producing and exporting
nation, QPI will continue to
advance Qatars economic
advantage in the international
energy market.
Optimally, we strive to achieve
superior financial and operating
results while simultaneously we
adhere to high ethical standards.
We seek to impact the lifestyle
of the people of Qatar through
prudent investments and portfolio
enhancement. QPI continues to

view global energy challenges as

exciting opportunities and is eager
to maximize its prospects with
every situation. We are indeed
extremely proud of our current
achievements.
We select our partners and
markets with sound judgement
working with the very best
to ensure excellence in all
our ventures. We believe in
being commercially aware of
international investments and
intend to be a model partner for
performance. A trusted partner to
us must be technologically as well
as financially stable and dynamic
to open new markets.
With a diverse portfolio of
upstream, gas & power and
downstream projects, we are
currently exceeding our set
milestones and have established
ourselves as strong contenders in
the market today.

4 | Qatar Petroleum International

Qatar Petroleum International | 5

CEO
MESSAGE
Mr. Nasser Al Jaidah, QPI CEO

We have to
diversify, that is the
only way to grow.

Qatar Petroleum International (QPI) was founded with the aim of securing a
prosperous future for Qatar through the creation of strategic and commercially
attractive international investments across the energy value chain, as part of the
Qatar National Vision 2030. QPI is actively pursuing opportunities to enhance its
portfolio diversification, leverage partnership with international oil companies and
enter foreign markets.
Fulfilling the vision of HH the Emir, Sheikh Tamim bin Hamad Al-Thani, of expanding
Qatars energy business beyond our borders, and under the guidance and support of
HE the Minister of Energy & Industry, Dr. Mohamed bin Saleh Al-Sada, QPI has been
carving a pivotal role as a significant international energy investor with the aim to
promote and advance the interest of the State of Qatar in the global energy arena of
upstream, downstream, and gas and power through long term projects.
In todays competitive energy environment, QPIs aims to be the number one national
oil company in overseas investment. As we look at our growth since 2007, QPI has
secured multibillion dollar strategic investments globally including partnerships
and joint venture initiatives in the United States, Canada, United Kingdom, Italy,
Greece, Singapore, Vietnam, China, Egypt, The Democratic Republic of Congo and
Brazil. Our success is directly attributed to the values of our business model and our
collaborative working relationship with our esteemed partners. QPI prides itself as
a company that operates with excellence, transparency, trusted collaboration, and
the creation of positive impact on peoples lives globally. QPI seeks to transform the
future as it continues on its journey as a major integrated energy player in the global
market.

VISION

MISSION

QPI aims to secure and promote the

future of Qatars energy resources by
making strategic and commercially
attractive international investments
across the energy value chain.

We will expand and play an active

role in furthering QPs operations
and presence internationally through:
The establishment of strategic
Global Partnerships and Joint
Ventures.
The acquisition, development
and operation of an integrated
portfolio of assets in the energy
sector outside Qatar.
The establishment of appropriate
technologies, and application of
the highest levels of international
business practices and corporate
governance.
The development of an
organization of skilled
and experienced industry
professionals, and to be the
company of choice for Qatari
nationals development and
progression.

6 | Qatar Petroleum International

Qatar Petroleum International | 7

OUR
BUSINESS
QPI intends to be a sustainable and competitive
energy player in the global market. Our chief purpose
is to advance the energy interests of the State of
Qatar, through a diversified international energy
portfolio with a particular emphasis in oil & gas
upstream, downstream, as well as gas and power
projects.
As the worlds leading LNG producer and exporter,
Qatar also leads the petrochemical industry. In
QPI, we are constantly seeking to advance Qatars
financial strength in the international energy market
by leveraging our technological skills and market
awareness. We seek to acquire and sponsor leading
edge technology and high-caliber expertise to ensure
technology transfer. Qatar today controls almost a
third of the world LNG market, with a production
capacity of 77 million tonnes of LNG per annum.
There is huge political will for the Qatari oil and gas
sector to move forward and internationalize, and this
activity has been spearheaded by QPI. Our ultimate
ambition is to become the number one NOC in
overseas investment. In the near future, we see QPI
becoming a major integrated energy player that can
venture into exploration growth opportunities.
Guided by Qatars National Vision 2030, QPI plans
to contribute to a competitive and diversified
economy that will meet peoples standard lifestyle
needs. Qatars National Vision defines the long-term
outcomes for the country as a whole rather than the
processes for reaching these outcomes. It provides
a framework of global best practice within which
national strategies and implementation plans can be
developed. The National Vision defines broad future
trends and reflects the aspirations, objectives and
culture of the Qatari people. Qatar is focused on
diversification as a result of the Qatar National Vision
2030, we must look beyond our domestic resources.
In this time, Qatar has worked hard to consolidate

domestically, but now expansion is inevitable, as the

company has grown to become one of the worlds
largest LNG suppliers.
In order to continue Qatars evolutionary growth
and create value through preferred investment in
energy value chain, QPI contributes to the stability,
enhancement, and replacement of Qatars national
resources through a diversified international
upstream energy portfolio. International growth
is the only possible future for the Qatari oil and
gas industry, having almost reached the potential
of the activity that has taken place over the last
two decades. In this time, Qatar has worked hard
to consolidate domestically, but now expansion is
inevitable, as the company has grown to become one
of the worlds largest LNG suppliers. In order to reach
its potential, QPI must seek new markets, make new
partnerships, review the full value chain and plug the
gaps wherever they appear.
By 2030, Qatar aims to be an advanced society
capable of sustaining its development and providing
a high standard of living for all of its people. Qatars
National Vision defines the long-term outcomes for
the country and provides a framework within which
national strategies and implementation plans can be
developed.
As part of Qatars diversification strategy, QPI plays a
vital role in Qatars global expansion and investment.
It aspires to add economic value to the State of
Qatar energy business through specific financial and
operational investments. With our strategic joint
ventures and other investments we are making major
strides in aligning ourselves with the worlds major
energy players.

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OUR
PARTNERS
Our partners play a significant
role in our evaluations and
investment decisions. QPI
enters into new ventures
with partners who are
extremely important to
QPIs operations. When
embarking on a partnership
QPI considers not only the
nature of the business, but
also its synergy with existing
QPI investment portfolios and
other assets under appraisal
and development. The strategic
fit, including the impact of
entering a new prospective line
of business with potentially
higher capital requirements
and economic results, is
critical.
QPI leverages existing intergovernmental and IOC
relationships to become a partner
and supplier of choice across
the industry, and, ultimately,
to develop into a worldwide
investor through the acquisition,
development, and operation of
an integrated portfolio of assets.
Our contributions to open up new
markets for energy industries
have been especially significant
in establishing our strong ties.
We are always delighted to offer
creative and innovative technology
solutions that can help satisfy the
ever-increasing global demand for
energy for our partners.
Our partners play a valuable
role in opening up new markets
as we seek partners who are
technologically as well as
financially strong. The assessment
of potential partners plays a
significant role in evaluations and
investment decisions. In order to

reach its optimum potential QPI

must seek new markets, actively
looking for new partners with
the appropriate technological
expertise as well as a proven track
record.
A Memorandum of Understanding
(MoU) was signed between
Centrica and QPI in December
2011, the two parties have
interests in the Western Canadian
Sedimentary Basin (WCSB) and
have completed three transactions
since signing, including the
purchase by QPI of 40 percent of
Centricas Canadian natural gas
business for C$200 million.
In another North American
deal, QPI and ExxonMobil have
signed a Commercial Framework
Agreement for the proposed
liquefaction project at the worldclass Golden Pass LNG terminal
facility in Sabine Pass, Texas.
In Singapore, QPI has formed a
joint venture with Shell. Qatar
Petroleum International and Shell
effectively hold 50 per cent of
the Petrochemical Corporation
of Singapore (Pte) Ltd (PCS) and
30 per cent of The Polyolefin
Company (Singapore) Pte Ltd
(TPC). The other shareholders
in PCS and TPC are respectively,
JSPC and NSPC, both Japanese
consortia led by Sumitomo
Chemical Company, Limited.
Shell and QPI are also partners in
the Parque das Conchas (BC-10)
project, located offshore of Brazil.
In Greece, QPIs strategic
partner in the Heron II Power
Generation facility is GEK Terna.
This acquisition establishes a
working relationship that holds

much potential for projects and

investments, not only in Greece,
but across southeastern Europe as
well.
QPI is constantly seeking to
forge partnerships with leading
companies to continue to
compete, perform and succeed
globally.
We currently have partnerships
with the following companies:
EXXONMOBIL
ExxonMobil, the largest publicly
traded international oil and gas
Company, uses technology and
innovation to help meet the
worlds growing energy needs.
ExxonMobil holds an industryleading inventory of resources, is
the largest refiner and marketer
of petroleum products, and its
chemical company is one of
the largest in the world. Qatar
Petroleum International QPI and
ExxonMobil have signed MOUs
to expand their co-operation
and joint activities to evaluate
unconventional natural gas
resources in North America and
certain global liquefied natural
gas (LNG) opportunities. The
collaboration represents a further
milestone in the strong and
successful relationship between
QPI and ExxonMobil, and signifies
joint interest to expand their
international portfolio in order
to help meet the growing global
demand for energy. It provides
a basis for broadening the
collaboration and joint investment
in natural gas and LNG projects
around the world.

QPI Strengthening Collaboration

10 | Qatar Petroleum International

SHELL
Shell is a global group of energy
and petrochemicals companies
with around 92,000 employees
in more than 70 countries and
territories. The parent company
of the Shell group is Royal Dutch
Shell plc, which is incorporated
in England and Wales. They use
advanced technologies and
take an innovative approach
to help build a sustainable
energy future. QPI is extremely
pleased to have strategically
expanded and strengthened its
International investment portfolio
with long-term partner, Shell.
QPI offers valuable support for
the progressed development of
BC-10. The latest deal with Shell
regarding BC-10 represents its
first upstream investment in
Latin America. This transaction
represents an important milestone
and complements an already
thriving partnership between Shell
and QPI that dates back to 2007
when the two parties signed an
MOU aimed at identifying and
developing international projects
of mutual interest throughout the
energy chain.

CONOCO PHILLIPS
ConocoPhillips is the worlds
largest independent exploration
and production (E&P) company
based on production and
proved reserves. ConocoPhillips
has collaborated with Qatar
Petroleum since 2003 through
the development of Qatargas 3,
a large-scale LNG project located
in the Ras Laffan Industrial
City, Qatar, with capacity of 7.8
million tons per annum (mta).
First LNG cargos from this project

Qatar Petroleum International | 11

were delivered in 2009. Joint

Collaboration with leading partner
ConocoPhillips in key International
projects marked another
milestone in QPIs ambition of
becoming a leading global energy
company. This cooperation with
ConocoPhillips offers new avenues
of investment and growth and will
be instrumental in the pursuit of
global opportunities.

CENTRICA
Centrica plc is a British company
operating predominantly in UK
and North America. We are active
at every stage in the energy chain
from sourcing energy to saving it.
Our aim is to put customers at the
core of our business and deliver
long-term value to shareholders.
Centrica has transformed its
international oil and gas business
over the last five years with an
increased focus on North America.
The acquisition of natural gas
assets in Canada in 2013 with QPI
helped us secure a leading natural
gas position in a key market. We
are proud that the CQ Energy
Canada Partnership is now a top
ten gas producer in the Western
Canadian Sedimentary Basin and
we look forward to continuing to
work together to consider energy
related investment opportunities
on both sides of the Atlantic.
The investment in the Western
Canadian Sedimentary Basin is a
significant step in the development
of QPIs global upstream business.
Through this joint acquisition QPI
looks forward to advance QPs
overall North American energy
business through the MOU and
other initiatives.

TOTAL
Total is a global, integrated energy
producer and provider, the worlds
fifth-largest international oil and
gas company1 and second-largest
solar operator2. As a world leader
in our industry, Total is committed
to being the company whose
actions inspire confidence in a
responsible, sustainable energy
future, by meeting the growing
demand from customers and
driving continuous improvement in
operations. Total is very proud of
longstanding 80-year partnership
with Qatar, and cooperation with
Qatar Petroleum International,
including, but not limited to,
the development of world-class
LNG, refining and petrochemical
projects. QPI is a shareholder with
Totals E&P Congo investment
in the Moho North project. This
important milestone, builds on
Totals already well-established
partnership with Qatar and
at the same time strengthens
commitment to the development
of the energy industry.

GEK TERNA
GEK TERNA Group was formed
through the merger of GEK
and TERNA, two of the largest
construction companies in
Greece. GEK TERNA is now one
of the leading groups in Greece
combining expertise in the
areas of construction, energy
production, concessions, mining
and real estate. GEK TERNA and its
subsidiary TERNA ENERGY (RES)
are listed on the Athens Stock
Exchange (ASE). Qatar Petroleum
International acquired from GEK
TERNA the 25 percent of share
in its Heron II Power Plant. The
partnership signals QPIs first

investment in Greece with many

potential opportunities across
Europe.

QENERGY EUROPE
QEnergy is considered as a
precious and reliable partner of
Qatar Petroleum International
as it facilitated QPIs first
global investment in power and
electricity. Both companies can
align global diversification through
common projects in the LNG value
chain and infrastructure, based not
only in Greece, but across Europe
as well. QENERGY is a LNG and
NG company, focuses mainly on
the procurement by imports and
management of LNG and Natural
Gas. LNG imports into Greece
and SE Europe are conducted
via standard size vessels from
the liquefaction plants up to the
LNG regasification terminals,
establishing a reliable cooperation
for the imports of LNG from the
LNG source countries to the
European markets. QE can supply
LNG under both short and long
supply contract from the worlds
largest LNG producers, as it holds
a Master Sale and Purchase
Agreement for LNG with Ras Laffan
Liquefied Natural Gas Company
Limited (3), State of Qatar, the
worlds premier integrated LNG
producer.

PETRO CHINA
PetroChina is one of the largest oil
companies in the world, playing
a dominant role in the oil and gas
industry with biggest sales revenue
in China. It is also a major producer
and distributor of petroleum and
petrochemical products in the
world. PetroChina is committed to

accelerating the transformation

of economic growth mode,
improving the self-innovation
capacity, establishing longefficient mechanism of safety,
environmental protection and
energy conservation and creating a
harmonious enterprise, in order to
transform itself to an international
energy company with strong
competitiveness. QPI is pleased
to be partnering with PetroChina
in oil and gas downstream sector
with the objective to draw up a
road map for setting up economic
bridges between Qatar and China.
QPI believes such co-operation
approach with PetroChina will
open investment opportunities for
QPI to build effective portfolios in
refining and petrochemical sectors
in China and enhance the strategic
relationship significantly.

PETRO VIETNAM
Petro Vietnam, Vietnam Oil and
Gas Group is a state-owned
company. On June 18th 2010,
the Prime Minister issued the
Decision No. 924 accepting that
PETROVIETNAM is the State-owned
Company Limited-Vietnam Oil
and Gas Group (short name is
Vietnam Oil and Gas Group) with
international transaction name
is Petrovietnam, PVN for short.
Qatar Petroleum International
has entered into a joint venture
deal with Thai-based Siam
Cement Group and its Vietnamese
partners - PetroVietnam (PVN)
and Vinachem - to invest in the
countrys first petrochemicals
complex. The project is managed
by Long Son Petrochemical Ltd
Company. Preparations for issuing
an engineering, procurement and
construction contract are currently
underway.

SCG CHEMICALS
SCG Chemicals is a subsidiary of
the Siam Cement Group (SCG)
and is one of the GROUPs 3
core businesses. At present,
SCG Chemicals manufactures
and supplies a full range of
petrochemical products ranging
from upstream petrochemicals
such as Olefins, intermediate
petrochemicals such as Styrene
monomer, PTA, and MMA, to
downstream petrochemicals such
as Polyethylene, Polypropylene,
Polyvinyl Chloride, and Polystyrene
resins. SCG Chemicals is now
one of the largest integrated
petrochemical companies in
Thailand and a key industry leader
in the Asia-Pacific region. Widely
accepted for its quality products
as well as excellent management
and operational prowess, SCG
Chemicals has entered into joint
venture deals with a number of the
worlds leading chemicals firms.
Qatar Petroleum International
(QPI) is a strategic partner
with SCG Chemicals in building
Vietnams first fully integrated
petrochemical project that will
consist of upstream, intermediate
and downstream plants.

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WHAT
WE DO

Qatar Petroleum International | 13

South Hook
CHP with
ExxonMobil,
UK
Partnership
with Centrica,
Canada

We acquire and sustain

international petroleum
reserves and production for
Qatar and assure operational
integrity. We collaborate
with world leading IOCs
and service companies to
build on Qatars energy
technology focus on world
class technologies, business
processes and systems.
In order to continue Qatars upstream
evolutionary growth and create value through
preferred investment in the energy value chain,
we contribute to the stability, enhancement,
and replacement of Qatars national
resources through a diversified international
upstream energy portfolio. QPI seizes growth
opportunities in the oil refining, petrochemical
and fertiliser sectors. Operational efficiency of
the joint ventures is also a the thrust of what
we do in downstream, and this is achieved by
streamlining core processes in order to more
effectively respond to market forces in a cost
effective manner. With three international
import terminals receiving LNG, QPI also
demonstrates its strength in Gas and Power.
Within our business, state of the art
technologies are selected to produce high
quality products in accordance to customer
needs and trends, whilst ensuring highest
standards of health, safety and environment.
Currently we are involved in the following three
areas of oil, gas and power generation:

South Hook
LNG Terminal
with Total
ExxonMobil,
UK

Upstream

Heron II
Power with
GEK Terna &
GDF, Greece

Downstream

Golden Pass with

ExxonMobil,
Sabine Pass, Texas

Gas & Power

Adriatic
LNG
Terminal
with
ExxonMobil
Italy

Investment
with EGPC,
Egypt

JV with
Petrochina and
Shell, Beijing

Long Son
Petrochemical
Project, Vietnam
JV with Shell
Petrochemicals
(QSPS),
Singapore

Partnership
with Shell BC-10
Project Brazil

Moho North
Project with
Total E&P
Congo

QPI Expanding Globally

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UPSTREAM
Leads and manages
all of QPIs upstream
global exploration
and production
activities including
asset management,
project monitoring
and operations,
active and effective
upstream partnership
and Joint Venture
interface, and
business surveillance
in order to maximize
return on investment
aligned with QPI
strategy. Upstream
is also proactively
building its technical
and commercial
capabilities to
undertake organic
and inorganic growth
in order to maximize
QPIs access to
international E&P
opportunities.

QPI Upstream Directorates

goal is to expand QPI share in
the international upstream
opportunities and become a
leading player and a company of
choice in the upstream business.
This will be achieved by a welldefined growth strategy in line
with QPIs vision and mission.
We recognize the benefits
of diversified geographical
operations, with a particular
focus on areas and assets with
the proper value that meet
QPIs criteria. From acquisitions
to projects development and
exploration, our long term
objective is to achieve and sustain
a diversified, yet integrated,
international portfolio of assets
Through commercially attractive
investments across the value
chain, we contribute to a more
prosperous future for Qatar. QPI
has made significant investments
in upstream, particularly over the
last two years, and is committed
for further opportunities in this
sector.
Our activities focuses on
hydrocarbons exploration,
development and production
operations, complementing
and expanding State of Qatars
international position and
relationships. Recognizing
the benefits of diversified
geographical operations,
we are open for any suitable
project that meets QPIs legal,
technical and financial criterion.
From acquisitions to projects
development, we aim to maximize
our long term objectives through
a sustainable, diversified, yet
integrated portfolio of assets
around the globe.

Our current projects in Upstream

are:
Brazil: QPI Brazil Petroleo Ltda,
wholly owned subsidiary of QPI,
holds 23% working interest in
the Parque das Conchas (BC-10)
concession, in the Campos Basin,
offshore Brazil. This is QPIs first
investment in South America
and further evidence of QPIs
serious commitment to diversified
upstream investments. The BC-10
deep-water project (Shell 50% operator, ONGC 27%) comprises
several fields, with each field
tied back to Espirito Santo, a
centrally located, 100,000 boe/
day processing capacity Floating
Production Storage and Offloading
(FPSO) vessel, moored in around
1,780 m of water.
The BC-10 block is currently
producing approximately 70,000
barrels of oil equivalent per day
(boe/d) and is being developed
in 3 phases. The first phase
included the development of
three fields namely Abalone,
Ostra and Argonauta (Argonauta
B-West reservoir), and came onstream in 2009. Phase 2 included
development of Argonauta
O-North field and came online
in October 2013. Phase 3 of
the BC-10 project, involving
the development of the Massa
and Argonauta O-South fields
is expected to come online in
2015, with an additional peak
production of 28,000 boe/d.
Canada: QPI Energy Canada Ltd,
wholly owned subsidiary of QPI,
holds 40% stake in CQ Energy
Canada Partnership, (Centrica
60% and operator on behalf
of the partnership). Through
partnership, QPI participates in
the development and production
of conventional natural gas
and crude oil assets, in the
Western Canadian Sedimentary
basin in Alberta, northeast
British Columbia and southern
Saskatchewan. The partnership

BC-10 FPSO, Brazil

was effectively initiated in April

2013, through the joint acquisition
of primarily gas producing assets,
and related infrastructure,
from Suncor Energy, located
principally in South and Central
Alberta where they overlapped
with existing Centrica assets.
In May 2014, partners interests
were further aligned, through
the announced agreement of
QPI acquiring 40% of Centricas
Canadian natural gas business, to
be also placed into the CQ Energy
Partnership. After completion of
this second transaction, the CQ
Energy Canada Partnership will
have a current production of 390
million cubic feet equivalent per
day (mmcfe/d).

The Republic of Congo: QPI

Upstream OPC Ltd, a wholly
owned subsidiary of QPI, holds
15% shares in Total E&P Congo
(TEPC), Totals operating entity in
the country with a wide portfolio
of operated and non-operated
assets, offshore the Republic of
Congo (RoC). The portfolio spans
across all stages of a fields
life cycle from exploration and
appraisal to mature production.
QPIs participation provides
[indirect] access to ten producing
assets (nine operated by TEPC),
the Moho-Nord development
project, the Lianzi development,
located in the offshore unitisation
zone between Angola and the RoC
(Haute Mer license), discoveries
in the MPTS block and three
exploration licenses, opening up
further the Africa market. TEPCs
2013 production was 93,000
barrels of oil equivalent per day
(boe/d).

Future Outlook:
Building on the short term success
story, QPI Upstream continues
to properly manage its existing
assets, for value maximization.
Concurrently, QPI Upstream
continues to evaluate growth
acquisition opportunities through
acquisition and partnerships,
seeking to identify assets that
satisfy its criteria and contribute
towards enhancing further the
value of its upstream portfolio.

16 | Qatar Petroleum International

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DOWNSTREAM
QPI has ambitious
plans for seizing
growth opportunities
in the oil refining,
petrochemical and
fertiliser sectors.
We aim to leverage
our excellent
relationships with
countries that have
similar interests to
develop international
investments with
both national oil
companies and
international oil
majors across several
continents.

QPI has formed a joint venture

with Shell in Singapore. This
JV Company (QPI and Shell
Petrochemicals Singapore Pty Ltd)
holds a stake in Petrochemical
Corporation of Singapore Pte
ltd (PCS), which is an upstream
petrochemicals complex and in
Polyolefin Company Singapore
(TPC), which manufactures
polymers at the Jurong Island.
Both companies will benefit
from the excellent infrastructure
and facilities found on Jurong
Island. Coupled with Singapores
strategic location in Southeast
Asia, supportive government
policies and abundant supply
of skilled manpower, PCS is in a
prime location for a world class
petrochemical complex.
In Egypt, QPI has invested in Arab
refining Company (ARC), which in
turn has ownership in Egyptian
Refining company (ERC). This
is a Greenfield investment in a
new hydro-cracking complex in
Cairo, commercial operations are
targeted by 4Q, 2017.
Looking ahead in Vietnam, QPI
is exploring investment in a
petrochemical facility to produce
ca. one million tons per annum
of ethylene plus downstream
derivative units. This project is
in joint collaboration with SCG
chemicals Group Thailand and
Petro- Vietnam (PV). Commercial
operations are targeted by Q2,
2019.
In Beijing, QPI and Shell,
together with PetroChina, are
progressing studies to assess
viability of building with a worldscale, integrated refinery and
petrochemical manufacturing
complex in China.

QPI Downstream prides itself

on its reputation for delivering
creative strategies to the myriad
of investment challenges and
opportunities faced within
its sector, by building on
relationships, understanding,
respect and trust.
Our current projects in
Downstream are:
Singapore: Petrochemical
Investment together with Shell
and Petrochemical Corporation
of Singapore (Pte) Ltd (PCS)
and The Polyolefin Company
(Singapore) Pte Ltd (TPC). The
other shareholders in PCS and TPC
are respectively, JSPC and NSPC,
both Japanese consortia led by
Sumitomo Chemical Company,
Limited.
Egypt: Investment in a secondary
refinery development project
(green field) in Egypt (ERC project)
with EGPC and other industry
partners;
Vietnam: Petrochemical
investment in Vietnam Long Son
Petrochemical Project with a
consortium that includes SCG,
along with Petrovietnam and other
investors;
China: Joint venture with
Petrochina and Shell in Central
China for the development of a
very large scale integrated refining
/ petrochemical complex,
Early stage Fertilizer
development projects in North
Africa and West Africa.

Petrochemical Investment, Singapore

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GAS & POWER

The Gas & Power
directorate
represents a critical
component of
QPIs global energy
business. Natural
gas has firmly
established itself as
a clean and economic
source of energy, for
which global demand
is forecast to grow
significantly in the
future.

With feedstock-gas being supplied

from the North field, the worlds
largest non-associated gas field,
Qatar has established itself as
the worlds largest LNG exporter
(Liquefied Natural Gas), delivering
quantities of up to 77 million
tonnes per annum since 2010.
Leveraging this considerable
natural gas position, the State of
Qatar has invested with valued
partners in three state-of-the-art
LNG receiving terminal facilities in
the United Kingdom, United States
and Italy. These terminals have
allowed in-country energy needs
to be met with Qatari LNG quickly
and efficiently.
QPI continues to seek financially
attractive long term Gas &
Power projects on the global
level, establishing and exploiting
synergies across the energy value
chain.

Existing QPI Gas & Power

international projects include:
United Kingdom
South Hook LNG QPI holds a
majority 67.5% stake (in addition
to its partners, ExxonMobil
and Total) in South Hook LNG
Terminal, based at Milford Haven
in Pembrokshire. West Wales.
This terminal is one of the largest
in Europe, with the ability to
import 15.6 million tonnes of LNG
annually, and represents a GBP 1
bn investment, as part of Qatar s
integrated LNG delivery chain.
South Hook Gas. QPI is the
majority shareholder in South
Hook Gas with a 70% stake (with
Exxon Mobil holding the remaining
30%). As an LNG importer at the
South Hook LNG Terminal, South
Hook Gas can provide up to 20%
of the UKs natural gas needs, and
has supplied gas to the UK every
day since commencing operations
in 2009, demonstrating the
significant role the South Hook
entities play, and will continue to
play in the security of and diversity
UK energy supplies.
South Hook Combined Heat and
Power (CHP) Station project. QPI
is a majority shareholder (67.5%,
along with ExxonMobil and Total
as partners) in this proposed
project, which aims to provide
high efficiency, low-carbon energy
to the UK by building a CHP
plant of up to 500MW within the
existing boundary of the South
Hook LNG Terminal.

Terminal GNL Adriatico, Italy

Italy - Adriatic Terminal. A

wholly-owned QPI subsidiary,
Qatar Terminal Company Limited,
holds a minority interest in
Terminale GNL Adriatico S.r.l.,
which owns and operates the
Adriatic LNG terminal in Italy.
QPIs partners in the project are
Exxon Mobil and Edison S.p.a.
With its 8 billion cubic meters
capacity, approximately equal
to 10% of Italys natural gas
requirements, the Adriatic LNG
Terminal significantly contributes
to increasing and diversifying
Italys traditional sources of
energy imports.

capable of regasifying LNG to

produce approximately 2 billion
standard cubic feet of natural gas
per day.

United States

The new projects estimated send

out capacity would be 15.6 million
tons of LNG per year. The new
facility would be built on existing
Golden Pass property and utilize
the existing state-of-the-art tanks,
berths and pipeline infrastructure.
New facilities for natural gas pretreatment and liquefaction would
be constructed.

Golden Pass Terminal. Since 2005,

Golden Pass LNG Terminal LLC
and Golden Pass Pipeline LLC have
constructed and operated the LNG
import facility and distribution
pipeline in Sabine Pass, Texas,
with an import capacity of 15.6
million tonnes per annum.
Wholly-owned subsidiaries of QPI
hold majority interests in both
companies. The current Golden
Pass LNG terminal facilities
include five 155,000 cubic meter
LNG storage tanks, two marine
berths capable of offloading
various sized ocean-going LNG
carriers and process facilities

Golden Pass Products Houston

headquartered Golden Pass
Products LLC is a partnership of
Qatar Petroleum International
and ExxonMobil affiliates, two
leading energy companies with
an unrivaled record of producing,
shipping and marketing natural
gas globally. Golden Pass Products
(GPP) is an expansion project,
designed to create world-class
export capabilities.

Greece In 2014, the QPI group

acquired a significant minority
stake in the Heron II Power
Generation facility in Greece,
joining GEK Terna and GDF in
owning and operating Greeces
most efficient power plant.

Djibouti - Committed to
protection of the environment,
and aware of the benefits for
communities, QPI is also seeking
opportunities to invest in power
from renewable sources. In
conjunction with the local utility
company, QPI is evaluating the
feasibility of building a wind
farm facility in the Republic of
Djibouti that will provide 60
MW, representing a substantial
increase in local power generation
capacity.
Other investments
Nebras Power - QPI has a 20%
shareholding in Nebras Power,
the company established by
the Government of Qatar to
capitalize upon the experience of
Qatari Companies in the Power
and Water industries. QPIs
participation in Nebras enhances
QPI investment portfolio by
funding energy and water projects
in a wider variety of geographic
areas, energy sources and
feedstock options.
In addition, QPIs Gas & Power
team is continuing to review
potential investments in a range
of other midstream energy
businesses, including both
existing and Greenfield assets.

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ACHIEVEMENTS

1st Commissioning of cargo

for South Hook LNG Import
Terminal with ExxonMobil &
Total UK

QPI was
established

Strategic
investment
partnership
with China
NOCs

2005

2007 - 2008

1st Commissioning of cargo

for Adriatic LNG Import
Terminal with ExxonMobil in
Italy

Long Son
Petrochemical
Project with
Petrovietnam,
SCG Chemicals
in Vietnam

JV with Shell in Singapore

Petrochemicals

Investment with
EGPC in Egypt

Investment in
Nebras Power

1st commissioning of
cargo for Golden Pass
LNG Import Terminal
with ExxonMobil,
ConocoPhillips in
Sabine Pass, Texas

2009

2010

Investment in
Canada with
Centrica

Investment in
Republic of Congo
with Total

2012

2013

Partnership with
Shell for BC-10
project in Brazil
Investment in
Greece with GEK
Terna & GDF

2014

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Sports

Culture

Education

QPI recognizes that raising

education standards is a shared
responsibility, with shared
rewards. It is the root of economic
growth and diversification. QPI
is currently sponsoring Teach
For All, in 5 key Asian countries,
which represent existing or
potential markets. Teach For
All is a network of 32 partner
organizations with a shared
vision of expanding educational
opportunity in their countries. It
focuses on leadership to effect
change.

COMMUNITY
AND DEVELOPMENT
At QPI we are committed to
sponsoring relevant activities and
events that are pertinent to our
core business objectives. Through
our sponsorship strategy we
also benefit the communities we
operate in and provide the means
for events, projects and initiatives
that could not be realized without
QPIs contribution.
QPIs goal is to promote activities
that enrich people globally. We
believe that it is possible to
balance meeting the worlds
energy needs with social,
environmental and economic
benefits and contribute to
improving society.

Although QPIs
major contribution
to society is its
economic activity,
QPI demonstrates its
commitment to the
betterment of society
and contributes
by giving financial
support to initiatives
that have a positive
impact on society.

Sports

SportsCulture

Culture
Education

Education

The pursuit of excellence

and achievement are values
that are shared by QPI and
by global sporting leaders.
Aligning ourselves with world
class sporting events creates
brand synergy. Currently QPI is
sponsoring the Qatar Arabian
World Cup, a prestigious
international horse racing event,
which combines both sporting
achievement and the cultural
heritage of Qatar.

We aim to provide resources to

cultural events as it is an important
opportunity for QPI to demonstrate
our commitment towards social
corporate responsibility. Our cultural
endorsement creates a positive
impact on the countries we operate
and facilitates our Global outreach. It
further highlights our commitment
to building deeper community
network and multicultural
relationship. As Platinum sponsors
QPI celebrates the economic,
diplomatic, and cultural ties to
Brazil, following its investment in
the Parque das Conchas (BC-10)
project. The QB 2014 year of culture
not only brings together Qatari and
Brazilian individuals and institutions
for the year, but also helps build
lasting connections between two
nations. This sponsored initiative
facilitates corporate commitment
to cultural and economic exchange
and serves as a common thread that
helps unite both Qatar and Brazil in
their energy ambitions.

specifically interested in the

opportunities, partnerships and
technologies they have to offer.

QPI embraces a process of lifelong learning and improvement.

We are continuously upgrading
processes with the aid of the
latest technology i.e. eco-friendly
in order to make investments ever
more efficient to improve quality
management and safeguard the
environment.

Conferences:

Through our sponsorship strategy

we aim to raise the profile of
QPI and thus increase the equity
of the brand worldwide, in both
established and new markets,
enhance QPIs reputation by
giving back to the communities
in which we operate. And most
importantly, build and strengthen
our relationships with our key
stakeholders through hospitality
opportunities.
Key CSR areas QPI focusses on

As conference sponsors of
the International Petroleum
Technology Conference (IPTC),
QPI intends to benefit from
the maximum exposure and
visibility among the oil and
gas industry. IPTC is one of the
premier multi-disciplinary oil
and gas event in the Eastern
Hemisphere and is the result of
the collaboration between four
professional sponsoring societies,
the American Association of
Petroleum Geologists (AAPG),
the European Association of
Geoscientists & Engineers
(EAGE), the Society of Exploration
Geophysicists (SEG) and the
Society of Petroleum Engineers
(SPE). The attendance of high
calibre industry professionals
at the event will provide QPI the
unique opportunity to reach
existing and potential customers

As a global operator engaged in

diverse societies, QPI is creating
a lasting benefit to the people of
Qatar for future years through
prudent investments and portfolio
enhancement. As an international
company engaged in diverse
societies QPI recognizes that it
has the capacity to enact change,
not just locally but globally, and as
such it aims to improve the lives
of people in the regions where
it operates. QPI seeks to create
local job opportunities but also
improve living standards in the
communities it interacts in across
the world, balancing meeting
peoples energy needs with social,
environmental and economic
benefits.

We are committed to being

vigilant in our corporate
ethics and are compliant to
play a pro-active role in the
community. Simultaneously,
we have programmes in place
to continuously improve our
philanthropic ideology and
improved communications with all
our stakeholders.

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OUR PEOPLE
In all of its
directorates, QPI
seeks to build
highly skilled and
motivated teams
to manage current
operations and to
develop long term
strategic investment
opportunities.

Our dedicated team have built

QPI with their energy and
professionalism have built
long lasting benefits to people,
businesses, partnerships and
countries around the globe and
have developed a framework
for continuing with the dynamic
growth and success of our
company as a subsidiary of QP.
As our key asset people enable
QPI to steer in the right direction
when it comes to making
sound decisions on investment
opportunities. We focus on
optimising the potential of each

and every employee and remain

committed to the professional
development and growth of our
people.
QPI continues to build a team of
people who will actively evaluate
investment opportunities in oil
and gas.

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Sheraton Doha

CONTACT DETAILS
For further information kindly contact us on
Website: www.qpi.com.qa
Tel: (+974) 4452-0111
E-mail: info@qpi.com.qa
Fax: (+974) 4483-4681
Postal address: Qatar Petroleum
International Ltd.
11th Floor, Commercial Bank Plaza, West
Bay | P.O. Box: 25355, Doha Qatar
Physical address: Commercial Bank Plaza,
Doha, Qatar
Press Inquiries - qpimedia@qpi.com.qa

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