(MENAFN- The Peninsula) The Peninsula
Qatar Petroleum and Al Khalij Cement Company, a subsidiary of Qatari Investors Group, signed a three-year agreement for the supply of oil well cement at the launch of Qatar Petroleums Tawteen event held last month.
The agreement was signed by Qatar Petroleums Executive Vice President Projects, Engineering & Procurement Services Mohamed Al Marri and Qatari Investors Group CEO Raja Assili, QNA reported.
The Tawteen program is an initiative designed to improve the supply chain of the energy sector. By refocusing the supply chain on products and services that are made in Qatar, the initiative aims to add at least QR8bn of import substitutes annually and create over 5,000 new white collar jobs.
Qatari Investors Groups Chairman, Abdulla Bin Nasser Al Misnad said: 'We are delighted to have been selected by Qatar Petroleum for the supply of oil well cement. This represents an endorsement of the high quality standards of our production facility. This special type of cement is a true Qatari product as the production process begins with limestone, which is the main ingredient for cement, extracted from Qatari soil. Having fulfilled Qatar Petroleums stringent standards, we are confident about turning this home grown success story into an export opportunity.
Qatari Investors Groups CEO Raja Assili added: 'The signing of this agreement is significant for Al Khalij Cement Company as a commercial milestone of national importance. For the companys workforce, it represents the culmination of efforts and dedication to deliver outstanding products to our customers. We are grateful to Qatar Petroleum for placing their trust in Al Khalij Cement Company.
Al Khalij Cement Company is a subsidiary of Qatari Investors Group, a company listed on the Qatar Stock Exchange and regulated by the Qatar Financial Markets Authority. Qatari Investors Group operates as a holding company with diverse interests in industry, technology, real estate and marine and logistics.
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