Qatar Petroleoum

Qatar Petroleum (QP) is the government-owned oil and gas conglomerate of the small Mideast
country. It has upstream (exploration, drilling, production) and downstream
(refining) operations for crude oil, natural gas, liquefied natural gas (LNG), and other refined
products. Its Dukhan oil field can produce up to 335,000 barrels per day. QP has onshore crude oil
reserves of 1,842 million barrels and onshore gas
reserves of some 8 trillion cu. ft. Its two offshore production stations produced almost 90 million
barrels of oil in 2008. Through partnerships with such companies as ExxonMobil, Occidental,
and TOTAL, QP supplies oil and gas to North America, Asia, and Europe.
QP operates Qatar's oil pipeline network, which transports supplies from oil fields to the
country's lone refinery and export terminals. QP operates an expansive offshore pipeline network
that brings crude oil from offshore oil fields to Halul Island, where oil can be processed for export.
Onshore, most oil is sent to Umm Said for refining or export. Qatar has three primary export
terminals: Umm Said, Halul Island, and Ras Laffan. Qatar typically exports around 600,000 bbl/d
(95,000 m
3
/d) of crude and about 20,000 bbl/d (3,200 m
3
/d) of refined petroleum products. Most
exports go to Asia, with Japan as the single largest receiver (about 380,000 bbl/d (60,000 m
3
/d) of
crude in 2006). In the international market, the major customers are Emirates National Oil
Co. (ENOC), Glencore, Bakri Trading, Vitol, Mitsui and ITOCHU.
Refining is carried out by the National Oil Distribution Co. (NODCO), a subsidiary of QP
established in 1968. Qatar's first refinery was built in Umm Said in 1953. A second refinery was
completed in 1974. By the early 1980s, growth in local consumption was such that Qatar began
importing refined products. In 1983, a 50,000 bbl/d (7,900 m
3
/d) refinery came online at Umm Said.
Currently, Umm Said has a refining capacity of 137,000 bbl/d (21,800 m
3
/d). QP is also building
another refinery, which will have the capacity to run 146,000 bbl/d (23,200 m
3
/d) of condensate.
Marketing and commercial aspects for the export of the Refinery Products are entirely controlled by
the Qatar Petroleum Marketing Directorate.
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Type
State-owned enterprise
Industry
Oil and gas
Founded
1974
Headquarters
Doha, Qatar
Key people
Mohammed Bin Saleh Al-Sada, Minister of
Energy & Industry , Chairman
Hamad Rashid Al-MohannadiManaging
Director - RasGas, Deputy Chairman
Products
Oil (fuels, lubricants)
Natural gas (LNG)
Petrochemicals
Revenue
US$ 51.6 billion (2011)
Profit
US$ 14.9 billion (2011)
Total assets
US$ 107.8 billion (2011)
Owners
Government of Qatar
Subsidiaries
Qatargas Operating Company Ltd.
RasGas Company Limited
Industries Qatar Q.S.C
Qatar Petroleum International
Qatar Chemical Company Limited
Gulf International Services
Qatar Intermediate Industries Co. Ltd.