QATAR

Oil and Gas constitute the backbone of Qatar’s Economy. The State of Qatar exerts efforts to diversify its sources to alleviate the country’s dependence on these natural resources.
The Qatari leadership endeavors to increase production capacity of the liquefied natural Gas (LNG) the majority of the GDP relies on Oil and Gas and the relevant industrial activities.

Established in 1974, the government-owned Qatar Petroleum is responsible for all oil and gas industry in Qatar. Oil is produced from onshore and offshore fields, the most important of which are:

The North Gas Field

Discovered in 1971, this field lies mainly offshore to the northeast of the Qatar peninsula under water depths ranging from 15 to 70 meters. It covers about 6000 square kilometers, almost half the area of mainland Qatar. NGF is the largest single concentration of non-associated natural gas in the world with total proven reserves of more than 900 trillion cubic feet, representing 20% of world total, and making Qatar the third country in the world with the largest reserves of natural gas after Russia and Iran.