Qatar has managed to absorb the initial impact of economic blockade led by Saudi Arabia and the UAE, thus ensuring unhindered exports of oil and gas to its customers, a top official of Qatar Petroleum (QP) has said. “Qatar’s oil and gas business was targeted directly by the blockade. The measures were basically aimed at interrupting our export of hydrocarbons in any way possible. Our reaction was clear and decisive,” QP president and chief executive Saad Sherida al-Kaabi told senior executives of major Japanese energy companies in Tokyo.
Al-Kaabi held talks with senior executives of major Japanese energy companies.
QP and its group of companies immediately managed to absorb the initial impact of those measures, and were able to continue operating and export normally without any disruption across all its oil and gas facilities, he said winding up his tour to Japan. Al-Kaabi held talks with senior executives of major Japanese energy companies on enhancing existing relations and cooperation. The talks centered on developing relations and cooperation with Japanese customers and partner companies, particularly in the LNG (liquefied natural gas) trade.
It included high-level discussions with chairmen, presidents, and senior executives of several Japanese corporations and companies including Chiyoda, JGC Corporation, Japan Bank for International Cooperation JBIC, JERA, Chubu Electric, Marubeni, Bank of Tokyo-Mitsubishi, Cosmo, Itochu, LNG Japan, Sumitomo Mitsui Banking Corporation SMBC, Tohoku Electric, a number of shipping companies, and the Ministry of Economy, Trade and Industry.
“We are moving forward exploring opportunities, enhancing our international partnerships, and strengthening Qatar’s leading position as a major player in the global oil and gas industry. With this renewed determination comes a more determined desire not only to maintain but also to further develop our historic relations with our friends in Japan,” he said.
Before departing Tokyo, al-Kaabi hosted the annual Qatargas reception held in honour of its Japanese partners and customers, which was attended by a record attendance of about 500 guests.
The reception was attended by the ambassador of Qatar to Japan, members of the Arab and international diplomatic corps, the Mayor of Tokyo, government officials, and senior executives from the energy and banking sectors, as well as a number of Qatari students in Japan.