How much oil and gas does Qatar have?

How much oil and gas does Qatar have?

By QL Videos

In 2013, Qatar’s gas reserves were said to last another 156 years if the production levels stayed constant.

Exploration for oil in Qatar first began in 1935 at the Dukhan field. The Anglo-Persian Oil Company, which later became British Petroleum, was granted a 75-year oil concession allowing it to explore and produce oil from  all of Qatar’s land.

In return, the government received a royalty of 2 Indian rupees per ton of oil produced, a payment of Rs. 400,000 on signature, and annual sums of Rs. 150,000. APOC formed the Petroleum Department of Qatar, which went on to become Qatar Petroleum.

Qatar’s first offshore oil field was discovered in 1960 and the country became a member of OPEC in 1961.

In less than 20 years, Qatar became one of the world’s leading suppliers of liquefied natural gas. Qatar supplies a third of the global L.N.G requirements.

60% of the total exports from Qatar is L.N.G, followed by crude oil (30%). Japan, South Korea, and India are the main export partners.

Qatar has around 25,244 million barrels of crude oil reserves and around 24,531 billion cubic meters of natural gas reserves.[TradingEconomics, GEOExPro, GulfTimes]

Oil and Gas Qatar

How much oil and gas does Qatar have? Watch to find out.

Posted by Qatar Living on Monday, 14 March 2016

 

 

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By mohdata• 5 years 3 weeks ago.
mohdata

the uk and qatar love each other...and i didnt realize qatar had 25 billion barrels of oil; that's a fair bit of reserves in there...good scene..

By slipperychimp• 5 years 3 weeks ago.
slipperychimp

Like the article states, that 156 year life period is only relevant if we continue to extract it. To meet the 2 degree temperature rise limit set recently in Paris, the vast majority of it will have to stay in the ground.

By britexpat• 5 years 4 weeks ago.
britexpat

Nigeria and Venezuela have wasted their oil wealth and are now suffering

By acchabaccha• 5 years 4 weeks ago.
acchabaccha

Science and technology have no limits. Necessity is the mother of all inventions. One never knows what will be the main source of energy 50 years from now. But till then, revenue from oil has definitely made life better for millions of people not just in the Middle East, but across the globe.

By britexpat• 5 years 4 weeks ago.
britexpat

You still need to generate electricity to charge these vehicles remember

By zackm• 5 years 4 weeks ago.
zackm

People will be driving alternative powered vehicles by then

By britexpat• 5 years 4 weeks ago.
britexpat

Well done to BP for having the foresight to invest in Qatar..

Well done to the leaders for the continued development of Qatar

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