Minister Al Kaabi Delivers Overview of Qatarization Plan

Minister Al Kaabi Delivers Overview of Qatarization Plan By Sruthi Nair - May 08, 2024
H E Saad Sherida Al Kaab

H.E. Saad Sherida Al Kaab

H.E. Saad Sherida Al Kaabi, the Minister of State for Energy Affairs, recently chaired the 24th Annual Qatarization Review meeting within the Energy Sector. The meeting saw the participation of senior executives and representatives from various companies involved in the Energy Sector Strategic Qatarization Plan.

In his opening remarks, Minister Al Kaabi provided an overview of the Qatarization plan, emphasizing its alignment with the human development pillar of the Qatar National Vision. He highlighted the importance of maintaining focus on human development, as outlined by the leadership of H.H. Sheikh Tamim bin Hamad Al Thani, the Amir.

Minister Al Kaabi elaborated on the unprecedented growth of the energy sector, detailing significant milestones in both upstream and downstream activities. He emphasized the new challenges facing Qatarization, particularly in adapting to the ambitious growth required by the industry's expansion.

The Minister outlined the sector's progress, including plans to expand LNG production to 142 million tons per annum by 2030, the largest-ever shipbuilding program undertaken by QatarEnergy, and various projects aimed at enhancing and modernizing Qatar's oil fields and increasing petrochemical production.

Moreover, Minister Al Kaabi highlighted the expansion of solar power generation with the introduction of new solar plants, which will significantly increase solar capacity in the country.

In conclusion, H.E. expressed gratitude to all energy sector companies and their employees for their dedication to supporting Qatarization. He also appreciated the contributions of stakeholders in partnering with the sector to achieve Qatarization objectives.

During the meeting, Minister Al Kaabi presented the Annual Qatarization Crystal Awards to companies in recognition of their achievements in various categories. Recipients included Qatar Shell, Qatar Chemical Company (Q-Chem), North Oil Company, and Qatar General Electricity and Water Corporation (Kahramaa).

Additionally, the Minister presented the Annual Qatarization Certificates to companies that had shown significant improvements since the previous year. Recipients included Qatar Petrochemical Company (QAPCO), Qatar Aluminium Limited (Qatalum), and QatarEnergy LNG.


Source: The Peninsula Qatar

By Sruthi Nair - May 08, 2024
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