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Shell Board meets in Qatar, Top members received by H.E The Deputy Prime Minister and Minister of Energy and Industry
Chairman Jorma Ollila, Chief Executive Officer Peter Voser and other senior Board members were received during their visit by His Excellency Abdulla bin Hamad Al-Attiyah, Deputy Prime Minister and Minister of Energy and Industry.
The Board of Directors meets around eight times a year, usually in Shell’s headquarters in The Hague, to discuss the business and plans of Shell. Once a year the Board visits a key location for Shell’s global business and in 2010 they decided to come to Qatar.
The Board consists of three Executive Directors, nine Non-Executive Directors and the Company Secretary.
The Board meeting was held at the Qatar Shell Research & Technology Centre at the Qatar Science & Technology Park. During a break in their meetings the Directors were briefed on progress in some of the research programmes being undertaken by Shell at the science park, where the company is investing $100 million over 10 years.
Pearl GTL, which Shell is building with Qatar Petroleum, is Shell’s largest single investment worldwide. Over 50,000 workers are currently employed on the construction site, which is the largest in the oil and gas industry. At the project site, the Board members wore safety equipment and walked amongst the workers, acknowledging them first-hand for their achievements, particularly in safety, where the onshore project has just reached 60 million hours without an injury involving lost time.
Qatargas 4 combines Shell’s global leadership amongst private energy companies in liquefied natural gas with Qatar’s vision to become the world’s leading LNG exporter. Qatar Petroleum is a 70 per cent shareholder in Qatargas 4, with Shell holding 30 per cent.
Jorma Ollila, Chairman of Shell, said: “We were honoured to be received by His Excellency Minister Al-Attiyah. Shell is proud to have been chosen by the State of Qatar as its partner in Pearl GTL and Qatargas 4 and we intend to live up to that trust.”
Peter Voser, Chief Executive Officer of Shell, added: “I am pleased that we are developing a long-term, trusting and mutually-beneficial relationship with the State of Qatar. This country is vital for the future of Shell and I believe we are making a valuable contribution to the achievement of Qatar National Vision 2030. Holding the Board meeting here underlines the importance of Qatar to Shell.”