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24th Annual Qatarization Review Underway

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Picture of Anamika Talwaria

Anamika Talwaria

Editor & Head of Content for Tank Storage Magazine & StocExpo and Chair of Women in Tanks.

His Excellency Saad Sherida Al-Kaabi, the Qatari Minister of State for Energy Affairs, chaired the Energy Sector’s 24th Annual Qatarization Review meeting in the presence of senior executives and representatives from the companies participating in the Energy Sector Strategic Qatarization Plan.

In remarks opening the meeting, Al-Kaabi presented an overview of the Qatarization plan and its alignment to the Qatar National Vision’s human development pillar.

Al-Kaabi says: ‘It is important to maintain focus on the Human Development pillar of Qatar National Vision 2030, set out under the leadership and guidance of His Highness the Amir, Sheikh Tamim Bin Hamad Al Thani.’

Providing an overview of the energy sector’s unprecedented growth and the significant milestones in the upstream and downstream activities, Al-Kaabi comments: ‘Qatarization’s new challenge is to adapt to the ambitious growth necessitated by the expansion of our industry.’

Al-Kaabi also outlined the sector’s progress in expanding LNG production to 142 million tons (129 million tonnes) per annum by 2030 – more than doubling the current capacity after adding Golden Pass production, and QatarEnergy’s historic shipbuilding program with agreements to build and operate 104 conventional-size vessels and 18 QC-Max class vessels – the largest ever built.

Minister Al-Kaabi also highlighted important projects like the enhancement and modernisation of Qatar’s oil fields, raising petrochemical production through mega projects like the Ras Laffan Petrochemical Complex and the Golden Triangle Petrochemical Complex, and the expansion in solar power generation with the introduction of two more solar plants in Ras Laffan and Mesaieed Industrial Cities, which will double solar capacity to 1600 megawatts.

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