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QP : Oil Industry's Gentle Giant

Written by  Author |   Wed, 02 May 2012 11:11

QP: Oil industry's gentle giant

Anyone involved in oil and gas exploration and drilling will tell you "It's a brutal world". Often done under extreme weather conditions, if one can escape just getting his clothes dirty, unscathed, then they can count their lucky stars. But the danger lies beyond what a blue collar worker or field manager might endure daily. The long term effects on the environment and the way it affects global oil supplies present much bigger and more serious challenges, far outweighing the harsh nature of the business.

Qatar Petroleum (QP) is Qatar's government owned oil and gas conglomerate in the country, responsible for all phases of the oil and gas industry. Currently, the third largest oil company in the world by oil and gas reserves, QP plays an essential role in supplying gas to regional markets as well as North American, Asian and European ones.

The company engages in activities spanning from exploration, drilling production, storage, transport and sale of crude oil, natural gas liquids, liquefied natural gas, gas-to-liquids, refined products, petrochemicals and fertilizers to helicopter and financing services.

Established in 1974 as a national corporation completely owned by the state of Qatar, QP has become a global leader in the LNG industry and one of the main drivers for accelerating the economic growth of Qatar under the leadership of His Highness the Emir of Qatar. HE Dr. Mohammed Bin Saleh Al-Sada, Minister of Energy & Industry as well as Chairman & Managing Director of Qatar Petroleum, affirms that "the success of investments in the energy industry is measured over decades, not months, and that the global economy will rebound, restoring the underlying fundamentals upon which QP's investment strategies are based."

Nationally, QP is dedicated to operating responsibly and for creating a balance between reserves and production. The company is committed to following state of the art mechanisms of safety, environmental protection and energy conservation and applying innovative technologies to ensure a clean, efficient energy both domestically and abroad.

Internationally, QP is expanding its strategic international investment around the globe through Qatar Petroleum International (QPI).

QP's latest projects in partnership with ExxonMobil include the Barzan Gas Project, a $10.4-billion and one of Qatar's most innovative engineering projects that will supply the country's growing domestic energy demand.

According to a press release by QP, the Barzan Gas Project will consist of onshore and offshore gas-processing facilities with the initial gas production line, Train 1, expected to be completed in 2014 and Train 2 scheduled for completion in 2015. Barzan will eventually produce 1.4 billion cubic feet of sales gas a day. The project is designed to accommodate a maximum of six trains.

A world-class petrochemical Project is to be developed in Ras Laffan Industrial City as a result of a partnership between QP and Shell. The project will include a mono-ethylene glycol plant with a production capacity of up to 1.5 million tons per annum using Shell's proprietary OMEGA technology. The plants will also produce other olefin derivatives to yield over 2 million tons of finished products.

Being responsible for Qatar's oil and gas sectors is a national responsibility that cannot be underestimated. QP's international appeal is due to its ability and commitment to doing this tough business responsibly.

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