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Qatar Petroleum and Qatar Foundation sign MOU for Strategic Cooperation

Doha, Qatar · 8 January 2012 -- Qatar Petroleum ( QP ) and Qatar Foundation for Education, Science and Community Development (QF) today signed a Memorandum of Understanding (MOU) for Strategic Cooperation related to the implementation of training programs and professional development programs for QP staff.

The MOU was formally signed at QP headquarters by His Excellency Dr. Mohammed bin Saleh Al-Sada, Minister of Energy & Industry and Chairman & Managing Director of QP , and Dr. Mohammad Fathy Saoud, President of QF.

"This agreement is consistent with Qatar Petroleum 's commitment to continuously promote the full development of our employees, and we are highly pleased to work with Qatar Foundation in this regard bearing in mind its valuable mission of unlocking human potential. We are confident that this strategic partnership would ultimately bear fruits not just for QP but for the State of Qatar in general," said H.E. Dr. Al-Sada.

Dr. Saoud stated, "We at Qatar Foundation are delighted and proud to expand our strategic relationship with Qatar Petroleum , and through this agreement, we aim to advance training and professional development programs for our national partners and their staff. Qatar Foundation continues its mission of unlocking human potential through building long-term sustainable partnerships such as this one with the expertise and capacity we have in Qatar Foundation together with our partnering universities."

"We are committed to reach the industry and business community in Qatar and offer to build their capacity in professional and technology development. Due to the expertise and added resources of our partners, we became the preferred destination for national and international organizations who are seeking to offer training and professional development in their endeavour to offer quality training and professional development for their staff," Dr. Saoud added.

Under the agreement, QF in cooperation with QP shall develop a comprehensive training and development plan to meet the corporation's requirements for cutting-edge professional and technological development. QP shall periodically inform QF on its estimated annual needs of professional development programs, while QF, for its part, will share with QP the itinerary of professional development programs offered by the Foundation or by its partnering universities and centers.

The new QP -QF partnership will offer new and varied opportunities for QP staff to advance their skills, consolidating human capacity building by tapping through international standards of continued education and professional development programs. Cooperation between QP and QF will support the contribution of both organizations towards achieving the Qatar National Vision 2030. Ends

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About Qatar Petroleum
Qatar Petroleum - Committed to Excellence
Qatar Petroleum ( QP ), formerly Qatar General Petroleum Corporation, is a state-owned corporation established by Emiri Decree No. 10 in 1974. It is responsible for all phases of the oil and gas industry in the State of Qatar.

The principal activities of QP and its subsidiaries and joint ventures cover the exploration, drilling and production, transport, storage, marketing and sale of crude oil, as well as natural gas liquids, liquefied natural gas, refined products, petrochemicals and fertilizers.

Thriving on a spirit of enterprise, each of our joint ventures is underpinned by transparency, innovation and determination to achieve unparalleled standards of both quality and service. At Qatar Petroleum , we are committed to one thing above all: Excellence.

For more information, visit www.qp.com.qa.

About Qatar Foundation
Qatar Foundation - Unlocking Human Potential
Qatar Foundation for Education, Science, and Community Development is a private, non-profit organization that is supporting Qatar on its journey from carbon economy to knowledge economy by unlocking human potential for the benefit of not only Qatar, but the world. Founded in 1995 by His Highness Sheikh Hamad Bin Khalifa Al-Thani, Amir of Qatar, QF is chaired by Her Highness Sheikha Moza bint Nasser.

QF carries out its mission through three strategic pillars: education, science and research, and community development. QF's education pillar brings world-class universities to Qatar to help create an education sector in which young people can develop the attitudes and skills required for a knowledge economy. Meanwhile, its science and research pillar builds Qatar's innovation and technology capacity by developing and commercialising solutions through key sciences. Finally, its community development pillar helps foster a progressive society while also enhancing cultural life, protecting Qatar's heritage and addressing immediate social needs in the community.

For a complete list of QF's initiatives and projects, visit www.qf.org.qa

© Press Release 2012