The Qatari Minister of Energy and Industry,Mr.Abdullah Bin Hamad Al-Attiyah,announced on 4 May that the establishment of the new state-owned company Industries of Qatar (IQ) was now effective,following the transfer to it of the shareholdings held by Qatar Petroleum (QP) in four major companies - Qatar Petrochemical Company (Qapco),Qatar Fertilizer Company (Qafco),Qatar Fuel Additives Company (Qafac) and Qatar Steel Company (Qasco).Mr.al-Attiyah again stressed that,contrary to the majority of countries that privatized loss-making and inefficient companies,the policy of the Qatari government was focused on more profitable and more technically advanced companies.
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