Gulf Oil and Gas accountACCOUNT

QP Announces Start of ICV Evaluation in Energy Sector Tenders from July

Source: www.gulfoilandgas.com 6/29/2020, Location: Middle East

Qatar Petroleum announced the commencement of ‘In-Country Value’ evaluation in the energy sector tenders from July through “Tawteen”, the localisation programme for services and industries in Qatar’s energy sector.

The ICV programme will alter the way in which the procurement process is conducted in the energy sector, where suppliers and contractors who are contributing most to the local economy will gain a commercial advantage in the competitive bidding process.

The launch follows a six-month grace period that started from January 2020, and which gave suppliers the chance to acquire their ICV Scorecard Certification.

On the occasion, HE the Minister of State for Energy Affairs Saad bin Sherida al-Kaabi, also president and CEO of QP said, “The In-Country Value policy is an integral component of the Tawteen programme. It will drive the localisation agenda in Qatar’s energy sector, and will help build the foundations for a highly resilient and competitive supply chain. The implementation of this policy will also go a long way in developing the capabilities of local suppliers as well as in promoting investments for the benefit of the whole energy sector.”

Tawteen has organised seven ICV awareness sessions attended by representatives of various suppliers and contractors providing a wide range of products and services to Qatar’s energy sector. The sessions gave participants the opportunity to meet and interact with 12 independent accounting firms appointed by Tawteen as ICV Certifiers to validate and certify ICV scores.

More than 100 suppliers have already obtained their ICV Scorecard Certification during the grace period, while many more are expected to get their certificates issued.

Led and initiated by QP, Tawteen primarily aims to foster the development of the energy sector’s local supply chain and to expand the small and medium enterprises’ base in Qatar.

Investment News in Qatar >>

Brazil >>  8/10/2020 - International entrepreneurship program coordinated by the American institution aims to transform the state of RJ into a global innovation hub in the a...
Iran >>  8/9/2020 - The CEO of Oil Industries' Engineering and Construction Company (OIEC) announced oil production through the Central Processing Facility (CPF) of Azar ...

United States >>  8/6/2020 - Pacific Drilling S.A. has reported results for the second quarter of 2020. Net loss for second-quarter 2020 was $87.4 million or $1.16 per diluted sha...
Zimbabwe >>  8/5/2020 - Invictus Energy Limited, is pleased to provide an update on the activities of its 80% owned and operated Cabora Bassa Project in Zimbabwe. ...

Equatorial Guinea >>  8/3/2020 - Last week, the African Energy Chamber held a bilateral discussion with the Ministry of Mines and Hydrocarbons of Equatorial Guinea, led by H.E Gabriel...
Nigeria >>  8/3/2020 - San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, announces that it is investing US$15 million...




Qatar Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.