Qatar Petroleum International

: We are focusing on the upstream business, according to Business Week. The unspecified job cuts were one part of an eight-month restructuring effort that has seen QP take over Qatar Petroleum International, divest non-energy units including a catering company, and impose stricter conditions on foreign partners. We are very ambitious internationally, Saad Sherida al- Kaabi, chief executive officer at the world biggest producer of liquefied natural gas, told reporters Tuesday in Qatar capital, Doha. Since leading Qatar transformation into the largest LNG supplier, QP has shifted its priority to managing a slump in the nation oil output while expanding overseas. National oil companies are becoming more capable, more financially sound, and they have less need for international oil companies, Al-Kaabi said. The change has made the Persian Gulf emirate less attractive to foreign companies seeking to maximise output, according to a June report by Michael Barron, director of global energy at risk consultants Eurasia Group. (news.financializer.com). As reported in the news.