Qatar Petroleum (QP) has integrated SEEF’s operations, ahead of the original deadline.
QP owned 80% of the petrochemical company until December 2018 when it acquired the outstanding 20% from United Development Company (UDC). The company had set a deadline of the end of the second quarter of this year to complete the integration work.
SEEF’s facilities are now operated by QP Operations (Refining), but the company will retain its own branding.
QP has said benefits from the integration include finding synergies between its refining operations and SEEF, in addition to strengthening its resources, talents and capabilities. It also said there were broader implications of the deal, which was another step towards becoming “one of the best national oil companies in the world, and to reinforce Qatar’s continued and sustainable economic growth”.
SEEF was incorporated in Qatar in 2004. It started up its linear alkyl benzene (LAB) plant in March 2006, which is next to the QP Refinery in Mesaieed, around 40 km from Doha.
The company produces 80,000 tonnes per year of paraffin, 100,000 tpy of LAB and 36,000 tonnes of benzene.