Oil and gas accounted for around 51.5% of Qatar’s economic output in 2013, and investments in upstream and downstream capacity are set to ensure future growth. Qatar is working with international partners to build three new petrochemicals facilities, which will help to expand domestic output. Further, the government is also investing in research and development programmes, as well as looking abroad. QP International leads global investments, and the state has also announced the formation of Nebras, a $1bn fund to invest in electricity and water projects overseas, which will be managed by the Qatar Electricity and Water Company. Qatar is also looking to the possibility of reforming the sector in a bid to strengthen QP and to expand globally, developments that are likely to secure Qatar’s energy industry moving forward.
This chapter contains interviews with Mohamed bin Saleh Al Sada, Minister of Energy and Industry; Sheikh Khalid bin Khalifa Al Thani, CEO, Qatargas; Hamad Rashid Al Mohannadi, CEO, RasGas; and Wael Sawan, Managing Director and Chairman, Qatar Shell Companies.