The bank’s official “Economic Commentary” report, released on Sunday, offered a positive long-term outlook on Qatar’s place in the oil and gas industry, saying the country is “expected to maintain its dominant role in the global hydrocarbon sector.”
Qatar holds the world’s third-largest proven gas reserves, behind Russia and Iran. It also ranks third for gas production, with the US and Russia taking the top spots.
In 2014, the Gulf state saw an output of 177 bcm (6.26 tcf) of gas.
The report cited figures released in BP’s recently released Statistical Review of World Energy 2015.
Chevron has signed a deal with NAMCOR to develop an offshore block in the Walvis Basin, the Namibian NOC was… Read More
Ørsted’s Greater Changhua 1 and 2a offshore wind farms are in operation in Taiwan and their combined 900 MW of… Read More
SkyPower Global has signed a 1-GW power purchase agreement with state-owned Zambia Electricity Supply Corp Read More
The government of Angola has approved Afentra’s acquisition of a 12% non-operating interest in offshore Block 3/05 and a 16%… Read More
TotalEnergies has agreed with US player Vanguard Renewables to jointly develop renewable natural gas (RNG) in the USA, the French… Read More
Canadian exploration player Sintana Energy has expanded in Namibia’s Orange Basin with a deal to acquire up to 67% in… Read More
This website uses cookies.