Qatar Petroleum: Timeline of major developments and agreements

02 June 2008
A summary of selected major Qatar Petroleum developments from 1938 to date.

1938

  • Petroleum Development strikes the country’s first oil at Dukhan 1

1971

  • Qatar’s North field is discovered, with reserves estimated at 900 trillion cubic feet

1974

  • State’s first national oil company, Qatar General Petroleum Corporation, assumes total control of the country’s oil industry

1997

  • Qatar exports its first LNG to Japan’s Chubu Electric

2001

  • Qatar General Petroleum is renamed Qatar Petroleum

2005

  • QP places three-year moratorium on development in the North field, which is extended to 2010

  • QP announces the creation of Qatar Petroleum International

2007

  • March, QPI signs a memorandum of understanding with Petrochina to build an ethylene plant in China, scheduled to start up in 2013

  • April, QPI is selected by state oil company Entreprise Tunisienne d’Activites Petrolieres to build a 140,000-barrel-a-day refinery in Tunisia worth an estimated $3bn

  • May, QPI signs a memorandum of understanding with Occidental Petroleum for a $7bn, 350,000-barrel-a-day refinery in Panama

  • 7 June, QPI signs a memorandum of understanding with the Shell Group aimed at identifying and developing “international projects of mutual interest”

  • 11 December, QPI signs a memorandum of understanding with ConocoPhillips to develop international energy projects

2008

  • 14 January, QPI signs a partnership agreement with Gaz de France covering international co-operation on both upstream and downstream activities

  • 8 April, QPI buys a 20 per cent stake in Taoudenni permits Ta7 and Ta8 in Mauritania from France’s Total, its first overseas investment

  • 20 April, QPI signs memorandum of understanding with Eni to seek joint investment in international oil and gas ventures

  • 24 April, Gazprom announces it is considering joint investment projects in the energy sector with Qatar Petroleum (QP)

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications