Qatar Names New QP Chief, Minister
Qatar November 4 named a new chairman of Qatar Petroleum (QP) after the emir Tamim bin Hamad al Thani announced a restructuring of the company’s board.
Deputy emir Sheikh Abdullah bin Hamad Al-Thani (see banner photo, courtesy of the State of Qatar) was named the new QP chairman, according to the official Qatar News Agency. The 30-year old Sheikh Abdullah is unofficial heir presumptive to the emir, of whom he is a younger half-brother; he is also a son of the former emir.
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He will replace Saad bin Sharida al Kaabi who has been appointed as the minister of state for energy affairs. An outspoken champion of LNG, al Kaabi - who has headed QP since 2014 - called gas the destination fuel rather than a bridging fuel; in October he said that an upward revised expansion of Qatari planned LNG production to 110mn mt/yr was "conservative" and that QP could "overshoot [it] by a little bit". Al Kaabi replaces Mohammed Bin Saleh al-Sada, the energy minister since 2011, for whom no new appointment has been announced.
Qatar Petroleum said in September it will add a fourth train to its LNG expansion project, taking output to 110mn mt/yr by the mid-2020s , up 43% from today's 77mn mt/yr.
The emir also appointed a new head of the Qatar Investment Authority (QIA), the country's $300bn-plus sovereign wealth fund. He is Sheikh Mohammed bin Abdulrahman Al-Thani, the foreign minister. QIA board members will also include al-Kaabi.