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 of crude Oil which amounts about (850 thousand barrels per day, and Gas about (18 billion cube foot per day) produced from the North Field which holds Gas reserves of about (380 trillion cube foot) and associated gas.
The Qatari leadership endeavors to increase production capacity of the liquefied natural Gas (LNG) to be more than (60 million Ton per year), knowing that the current production is (18 million ton/day); 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:
Dukhan onshore field; Al Idd Al Sharqi; Maydan Mahzam, Bul Hanain, Al Bunduk, Al Shaheen, Al Rayan, Al Khalij, Al Karkara and offshore Tabakat (A).