Muntajat business unaffected by Qatar, GCC diplomatic spat

03 April 2014 18:59 Source:ICIS News

HOUSTON (ICIS)--Qatar Chemical & Petrochemical Marketing & Distribution (Muntajat) is not seeing operational problems arising from Qatar’s recent diplomatic rift with other member countries of the Gulf Cooperation Council (GCC), CEO Abdulrahman Ali Al-Abdulla said on Thursday.

The state-owned company is actively expanding its global presence in line with Qatar’s aim to boost its petrochemical production capacity to 23m tonnes by 2020.

“The diplomatic differences [between Qatar and the GCC] have no material effect on the day-to-day running of the business or our ability to serve customers in the region or around the world,” Al-Abdulla told ICIS.

The GCC comprises Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).

In early March, political differences prompted the unexpected withdrawal of ambassadors of Bahrain, Saudi Arabia and the UAE from Qatar, raising concerns about its implications on the petrochemical industry.

According to international news reports, the political rift has to do with Qatar’s vocal support to Egypt’s ousted President Mohammed Morsi of the Muslim Brotherhood movement – which is outlawed in Bahrain, Saudi Arabia and the UAE.

In a related development, a top Dubai security official – General Dahi Khalfan – was reported on Wednesday to have dubbed Qatar as “UAE’s eighth emirate” in his social media platform Twitter, sparking an outrage, according to web-based news portal Arab News.

Dubai is one of the seven emirates of the UAE.

By Pearl Bantillo