By ALEX DELMAR-MORGAN
DOHA -- Qatar has established a
new company to market its petrochemical, fertilizer and steel
In a statement Tuesday, majority
government-owned conglomerate Industries Qatar said it was
unveiling changes to the way it sold its products.
The Qatar Chemical and Petrochemical Marketing and
Distribution Company, or Muntajat, would have "exclusive rights
to purchase, market, distribute and sell the State of Qatar's
production of chemical and petrochemical regulated products to
the global market", the statement said.
The new entity is expected to start operations
in the first quarter next year.
Abdulrahman Ahmad Al-Shaibi, chief coordinator
at Industries Qatar, said the move would not affect the group's
2012 financial results.
Dow Jones Newswires