Statement of support
Engagement with the EITI
Qatar Petroleum became a new EITI supporting state-owned enterprise (SOE) in 2019. It has gone through a remarkable transformation over the past few years as it endeavours to achieve its ambitious vision: “To become one of the best national oil companies in the world, with roots in Qatar and a strong international presence.” Part of this transformation has included redefining QP’s strategy and values, which are provided here. Its six core values are: safety, integrity, respect, excellence, responsibility and collaboration.
QP recognizes that in today’s global environment all organisations need to conduct themselves in a principled and legally compliant manner. QP is committed to achieving the highest standards of business practice. QP’s newly launched Code of Conduct outlines how the enterprise has committed to ethical behaviour and building and supporting a strong culture of collaboration, integrity and trust. In particular, QP supports the State of Qatar’s National Vision 2030 of balancing accomplishments that achieve economic growth with the human and resource needs of the people of Qatar.
Furthermore, QP is committed to ensuring that it is free from any form of corruption and works proactively to ensure that it complies with all applicable laws and international conventions. In addition, QP focuses on business relationships built on trust and transparency and seeks to work with business partners who share similar values. QP will not knowingly work with business partners who violate the law, compete dishonestly or use unfair business practices.
In line with Qatar Petroleum’s strategy and values, and as reflected in its Code of Conduct, QP is committed to supporting the EITI in the countries where it operates and to promoting transparency throughout the extractive industries.
Link to the statement of support on QP's website