Qatar Petroleum Chief Consolidates Energy Sector Grip With Cabinet Seat

Qatar this week implemented its first cabinet reshuffle since 2016 and also rearranged the boards of key state firms Qatar Petroleum (QP) and the Qatar Investment Authority (QIA). QP CEO al-Kaabi is now the country’s undisputed energy supremo.

Qatar’s Emir Tamim bin Hamad al-Thani announced a cabinet reshuffle on 4 November in which QP CEO Saad Sherida al-Kaabi was appointed Minister of State for Energy Affairs.

Mr Kaabi has replaced Minister of Energy and Industry Muhammad al-Sada who had held the post since January 2011 ( MEES, 24 January 2011 ). As minister, he will have “overall responsibility for all energy issues” according to the government. The industry portfolio previously held by Mr Sada has been removed and merged with commerce to create the new Commerce and Industry Ministry.

kaabi’s rise

The new energy minister was appointed, president and CEO of QP in September 2014, supplanting Mr Sada there too, and has run the state firm since ( MEES, 19 September 2014 ). He remains president and CEO and has also been appointed vice chairman. (CONTINUED - 829 WORDS)

DATA INSIDE THIS ARTICLE

chart Qatar’s Export Revenues On Track To Hit $80bn In 2018 ($bn)