Oil and Gas Companies of Qatar - Qatar Petroleum, Rasgas, Qatargas (Paperback)

Chapters: Qatar Petroleum, Rasgas, Qatargas. Source: Wikipedia. Pages: 22. Not illustrated. Free updates online. Purchase includes a free trial membership in the publisher's book club where you can select from more than a million books without charge. Excerpt: Qatar Petroleum (QP) is a state owned petroleum company in Qatar. The company operates all oil and gas activities in Qatar, including exploration, production, refining, transport, and storage. QP's Chairman Abdullah Bin Hamad Al-Attiyah, is also the head of the Ministry of Energy and Industry and, as of April 2007, the Deputy Prime Minister of Qatar. QPs operations are therefore directly linked with state planning agencies, regulatory authorities, and policymaking bodies. Together, revenues from oil and natural gas amount to 60% of the countrys GDP. Currently it is the third largest oil company in the world by oil and gas reserves. After World War I and the collapse of the Ottoman Empire, Qatar fell within the British sphere of influence and the first onshore oil concession in Qatar was awarded in 1935 to British Petroleum's predecessor, the Anglo-Persian Oil Company (APOC). APOC created a subsidiary, Petroleum Development (Qatar) Ltd. (PDL), to operate the concession. PDL was later renamed the Qatar Petroleum Company (QPC). The first well, Dukhan 1, was drilled in 1939. World War II delayed development until 1947 and the first crude exports occurred in 1949. The first offshore concessions were granted in 1949 to two U.S. companies, the Superior Oil Company and the Central Mining & Investment Co. In 1952, the Shell Company-Qatar (SCQ) acquired exploration rights to most offshore territory. In 1960, the Idd Al-Shargi and Maydan Mahzam fields were discovered. The largest offshore field, Bul Hanine, was discovered in 1970 and came onstream in 1972. Qatar Petroleum was created in 1974 following the government's nationalization of the oil sector. In 1973, the state took a 25% s...http: //booksllc.net/?id=1129257