Qatar Petroleum says QAPCO to operate QVC

Qatar Petrochemical Company (QAPCO) will operate the activities of Qatar Vinyl Company (QVC) through a service agreement by the end of the year, Qatar Petroleum (QP) said on Sunday. QVC is part of Mesaieed Petrochemical and QAPCO is a unit of Industries Qatar. QP, the parent company of Mesaieed Petrochemical and Industries Qatar, said the process would start next month. "The integration will not result in any change to the shareholder ownership," QP said, adding that a single entity would be created to operate the assets on behalf of both companies' shareholders.