|
|
Article: Qatar - Part 1 - The Prospects.
- Article from:
- APS Review Oil Market Trends
- Article date:
- August 31, 2009
CopyrightCOPYRIGHT 2009 Input Solutions. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Qatar's crude oil production capacity exceeds 1m b/d, up from 860,000 b/d in August 2007, and will rise to more than 1.26m b/d in 2011/12 and 1.5m b/d by 2015 - including its 50% share of al-Bunduq field. This is excluding condensate of which Qatar will be producing 900,000 b/d by 2012, from 300,000 b/d in the autumn of 2007. Like most OPEC states, Qatar is producing over its quota of 731,000 b/d, with its output exceeding 840,000 b/d of crude oil. Qatar is the world's biggest exporter of LNG.
Sa'd al-Ka'bi, director of oil and gas projects at the state-owned Qatar Petroleum (QP) on Aug. 20, 2009, said Qatar's natural gas production in 2014 would rise to 23,000 ...