April 2016

Special Report: Petrochemical Developments

Petrochemical value chain analysis reveals downstream opportunities for Qatar

The existing petrochemical value chains in Qatar are analyzed in this article to identify the potential downstream industry opportunities.

Elgozali, A., Gulf Organization for Industrial Consulting (GOIC)

Qatar holds the world’s third-largest reserves of natural gas, with 24,531 Bscm, representing 12.2% of the total global reserves in 2014.1 In addition, Qatar supplies nearly 174.1 Bscm each year, or approximately 4.9% of the world marketed production of natural gas. On the other hand, reserves of crude oil in Qatar are in the range of 25.24 Bbbl, representing 1.7% of the world’s crude oil reserves in 2014. The export of crude oil from Qatar in 2014 reached 595 Mbpd, or 1.5% of world crude oil exports. The combined contribution of the oil and gas sector to the country’s GDP in 2014 exceeded US$106.7 B, representing 50.5% of the country’s GDP at present prices.2 However, the oil and gas secto

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