Qatar’s energy sector has helped the country overcome the challenges it faced from the fallout of the global economic crisis.
“Qatar has not been completely immune to the economic crisis, but it has weathered the storm well,” said Mohammed bin Salah al-Sada, Minister of Energy & Industry in a speech delivered by Hamad Rashid al Mohannadi, managing director of Rasgas and vice-chairman of Qatar Petroleum at the MEED Qatar Projects 2013 conference on 18 February.
“Our energy sector has played a central role in supporting the economy of Qatar. Last year, oil and gas exports accounted for 50 per cent of GDP [gross domestic product] and 70 per cent of government revenues. The government will continue to rely on these revenues in the future”
Qatar is also developing its downstream oil and gas sectors to further support the economy. Power, water and industrial projects will also help boost the demand for energy in the country.