QatarEnergy

QatarEnergy
Company typeState-owned enterprise
IndustryOil and gas
Founded1974
Headquarters,
Key people
ProductsLiquefied natural gas (LNG)
Petrochemicals
Gas to liquids (GTL)
Helium
Fertilizers
Steel
Aluminum
RevenueIncrease US$52 billion (2022)
Increase US$42.4 billion (2022)
Total assetsIncrease US$162 billion (2022)
OwnerGovernment of Qatar
SubsidiariesQatarEnergy LNG
Industries Qatar
QAPCO
Gulf International Services
QChem
Websitewww.qatarenergy.qa

QatarEnergy (Arabic: قطر للطاقة), formerly Qatar Petroleum (QP),[1] is a state owned petroleum company of Qatar. The company operates all oil and gas activities in Qatar, including exploration, production, refining, transport, and storage. The President & CEO is Saad Sherida al-Kaabi, Minister of State for Energy Affairs. The company's operations are directly linked with state planning agencies, regulatory authorities, and policy making bodies. Together, revenues from oil and natural gas amount to 60% of the country's GDP. As of 2018 it was the third largest oil company in the world by oil and gas reserves.[2] In 2022, the company had total revenues of US$52bn, a net income of US42.4bn,[3] and total assets of US$162bn.[4] In 2021, QatarEnergy was the fifth largest gas company in the world.[5]

  1. ^ "Qatar Petroleum changes name to Qatar Energy signalling new strategy". Reuters. 11 October 2021. Retrieved 11 October 2021.
  2. ^ "Qatar Petroleum to participate in Oman's largest oil and gas event". www.zawya.com. Retrieved 30 March 2023.
  3. ^ "Qatar Energy's 2022 profit surges to $42.5 billion". Reuters. 18 July 2023. Retrieved 20 July 2023.
  4. ^ "Summary Consolidated Financial Statements" (PDF). QatarEnergy. Retrieved 20 July 2023.
  5. ^ "Russian oil and gas: headed for long-term decline?". Financial Times. 7 June 2022. Retrieved 14 June 2022.