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Peter Ramsay
28 October 2022
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QatarEnergy’s INOC paradox

The state-owned LNG heavyweight is adamant that it is a purely commercial enterprise, but the evidence is conflicting

The term INOC—for international national oil company—has somewhat fallen out of fashion in recent years. Interestingly, Saad al-Kaabi, CEO of QatarEnergy, did not try to revive it when he addressed the Energy Intelligence Forum in October. Instead, he claimed that his firm should simply be considered an IOC. But even a cursory glance at Kaabi himself must raise immediate questions about his claims of QatarEnergy being divorced from political influence. For one thing, as well as wearing his CEO hat, he is also Qatar’s minister for energy. His recent travel schedule—as publicised not by the ministry, but by QatarEnergy—also appears to conflict with his narrative. “The characterisation of NOC i

Also in this section
Europe’s gas security strategy may not be 2024 ready
30 November 2023
The region’s rapidly evolving infrastructure has a lot to be commended for, but some of the capacity may not be ready in time for the 2024 heating season
Letter from India: Prosperity and sustainability make uneasy bedfellows
Opinion
30 November 2023
Burgeoning middle class and long-term growth from a low base at odds with energy transition efforts
Letter from Pakistan: More oil and gas needed, not less
Opinion
28 November 2023
Countries such as Pakistan will require fossil fuels for a long time to come, requiring a reframing of the narrative around the energy transition
LNG freight must navigate chokepoints and bottlenecks
28 November 2023
Rising LNG demand and supply risks are outpacing shipping logistics amid Panama and newbuild challenges

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