A Qatari's Quest to Become World's Gas King



A Qatari's Quest to Become World's Gas King
On Sunday, Al-Kaabi was appointed minister of state for energy issues and vice chairman of Qatar Petroleum.

Poised Demeanor

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 msergie@bloomberg.net. To contact the editors responsible for this story: Nayla Razzouk at nrazzouk2@bloomberg.net Bruce Stanley.


12

View Full Article

WHAT DO YOU THINK?


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.