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Qatar to merge state-owned giant gas producers

DOHA: Qatar, the world's largest liquified natural gas producer, announced on Sunday it is to merge state-owned Qatargas and RasGas to create a "truly unique global energy operator". Saad Sherida al-Kaabi, president and chief executive of state-owned Qatar Petroleum, said the move to the merger would begin right away and the companies would begin operating under a single entity, named Qatargas, within 12 months. He said the move would save "hundreds of millions of dollars". "The integration aims to create a truly…