A Qatari's Quest to Become World's Gas King
By altering QP’s relationships with foreign companies, Al-Kaabi expects to channel more profits to government coffers. “We are going to generate more revenue for the state than the previous contract,” he said when launching the venture with Total in July 2017.
Al-Kaabi’s poised demeanor cracks at times, revealing a sharper edge that undoubtedly aided his journey through QP’s ranks. When a Qatari shareholder in a QP subsidiary objected to the merger of two chemical companies last year, Al-Kaabi politely acknowledged the dissent, then said it was irrelevant because he controlled the boards and would vote in favor of the merger he proposed.
Al-Kaabi has gained stature in recent years, taking on roles on the economic advisory board to Qatar’s ruler and the investment committee at the sovereign wealth fund. The latter position was enhanced on Sunday by his appointment as a director on the board of Qatar Investment Authority.
To contact the reporter on this story: Mohammed Aly Sergie in Dubai at firstname.lastname@example.org. To contact the editors responsible for this story: Nayla Razzouk at email@example.com Bruce Stanley.
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