Jun 27 2010 |
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Royal Dutch Shell holds board meeting in Doha
DOHA: The Board of Directors of Royal Dutch Shell plc has met in Doha, underlining the importance of the country as a new heartland for Shell .Chairman Jorma Ollila, Chief Executive Officer Peter Voser and other senior Board members were received during their visit by Deputy Premier and Minister of Energy and Industry, H E Abdullah bin Hamad Al Attiyah.
The Board of Directors which consists of three Executive Directors, nine Non-Executive Directors and the Company Secretary meets around eight times a year, usually in Shell 's headquarters in The Hague, to discuss Shell 's business and plans. Once a year the Board visits a key location for Shell 's global business and in 2010 they decided to come to Qatar.
The Board also visited the Pearl Gas to Liquids (Pearl GTL) and Qatargas 4 construction sites in Ras Laffan Industrial City and was briefed on progress on these projects.
At the project site, the Board members met with employees, acknowledging them first-hand for their achievements, particularly in safety, where the onshore project has just reached 60 million hours without an injury involving lost time.
Qatargas 4 combines Shell 's global leadership amongst private energy companies in liquefied natural gas (LNG) with Qatar's vision to become the world's leading LNG exporter. QP is a 70 per cent shareholder in Qatargas 4 , with Shell holding 30 per cent.
Jorma Ollila, Chairman of Shell , said, " Shell is proud to have been chosen by the State of Qatar as its partner in Pearl GTL and Qatargas 4 and we intend to live up to that trust."
Peter Voser, Chief Executive Officer of Shell , noted that Shell is developing a long-term, trusting and mutually-beneficial relationship with the State of Qatar. "This country is vital for the future of Shell and I believe we are making a valuable contribution to the achievement of Qatar National Vision 2030. Holding the Board meeting here underlines the importance of Qatar to Shell ," he said.
© The Peninsula 2010
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