The comments by Saad al-Kaabi echo the views of many industry players who fear a G7 price cap on Russian oil could paralyze the trade worldwide
Saad al-Kaabi, the head of Qatar’s state-run energy company, said on Monday all oil and gas trade should be depoliticized, calling for policies to move away from sanctions and anti-free market agreements.
“The State of Qatar and QatarEnergy urge all governments and multilateral institutions to craft policies which depoliticize the exchange of fuel commodities in the form of sanctions or anti-free market agreements,” Kaabi said in a statement.The Group of Seven countries agreed last month to cap Russian oil sales at an enforced low price by Dec. 5.
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