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Subsidiaries, Joint Ventures and Other Investments

The operations and activities of Qatar Petroleum are conducted at various onshore and offshore locations. In addition, QP carries out activities through the following subsidiaries, joint ventures and other investments (all information correct as of October 2009).

Al Koot Insurance And Reinsurance SAQ
Incorporated in 2003, Al Koot Insurance And Reinsurance SAQ is currently a wholly-owned subsidiary of Gulf International Services. The company has a 33% stake in a joint venture, Fereej Real Estate Company. Al Koot’s authorised share capital is QR500 million with its paid-in capital currently QR218.6 million.
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Al-Shaheen Holding
Al-Shaheen Holding (ASH) was established in 2006 targeting stronger national participation in the energy services industry.
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Amwaj Catering Services
AMWAJ was established in 2007 as a subsidiary of QP with the support of consultancies KMPG Qatar and international catering specialist Russell Partnership from the United Kingdom.
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Astad Project Management
Astad Project Management was formed as a strategic partnership with Qatar Foundation in 2009. It provides project management services for complex infrastructure and buildings across the region.
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Fereej Real Estate Company QSC
Fereej Real Estate Company QSC was incorporated in 2008 as a joint venture, and is currently owned by Industries Qatar (34%), Qatar Real Estate Investment Company (33%) and Al-Koot Insurance And Re-Insurance Company (33%).
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Gasal
Gasal Q.S.C. was established in 2006 as a joint venture to provide industrial gases such as oxygen, nitrogen, hydrogen and argon to the steel, oil, gas and chemical downstream industries in Qatar.
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Gulf Drilling International (GDI)
Gulf Drilling International QSC was incorporated in 2004 as a joint venture between Qatar Petroleum (60%) and Japan Drilling Company (40%). Subsequent to exercising a share option provision within the joint venture agreement, QP increased its stake to 69.99% and then transferred this shareholding to Gulf International Services.
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Gulf Helicopters
Originally incorporated in 1970 under the name of Gulf Helicopters Limited as a subsidiary of British Overseas Airways Corporation, Gulf Helicopters Company QSC was subsequently acquired by Gulf Air, and then sold to Qatar Petroleum in 1998.
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Gulf International Services QSC
Gulf International Services QSC is the largest listed service group in Qatar with interests in a broad cross-section of industries, ranging from insurance, re-insurance, fund management, onshore and offshore drilling, helicopter transportation, and facilities management.
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Industries Qatar
Industries Qatar QSC is one of the region’s largest listed industrial groups with interests in the production, distribution and sale of a wide range of petrochemical, fertiliser and steel products, and in the provision of facilities management services.
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