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
22 April 2024
Pursuing three different goals as part of the same package may mean achieving none of them
22 April 2024
Beijing’s renewed targeting of NOC management could threaten investment
19 April 2024
Cairo’s currency problems have hindered investment, but Pharos sees considerable potential as Egypt emerges from crisis
18 April 2024
The Norwegian energy company is concentrating its efforts on specific regions and assets that meet strict cost and carbon criteria