Qatar Petroleum

Qatar Petroleum (QP) is a conglomerate that invests in the oil and gas sector and is engaged in oil and gas activities, construction and design, power and utilities, food and beverages and services, directly and through subsidiaries in Qatar.

In the oil and gas sector, QP operates gas production and distribution companies, among them is the Qatar Liquefied Gas Company IIQatar Liquefied Gas Company II (Qatargas2), which produces, transports, ships and exports liquefied natural gas (LNG) and liquefied petroleum gas. Qatargas2 produces 15.6 million tons of LNG, per year and owns a fleet of 14 ships and two offshore LNG transportation trains, as of 2011.

In the petrochemicals sector, QP subsidiaries, the Qatar Chemical CompanyQatar Chemical Company and the Qatar Chemical Company 2Qatar Chemical Company 2 produce 500,000 tons and 1.3 million tons of ethylene per year, respectively, as of 2011.

QP and Qatar ShellQatar Shell completed construction, in July 2011, on Pearl GTL, a natural gas processing facility worth QAR65 billion (USD18 billion). The plant consists of two gas-to-liquid (GTL) trains, which together transport a total of 140,000 barrels of GTL per day; and two plants that produce up to 60,000 barrels each of LNG, per day—figures as of 2011.

QP plans to build a petrochemicals complex in partnership with the France-based Total Petrochemicals. Estimated at QAR21.84 billion (USD6 billion), the complex would produce 1.3 million tons of ethylene per year, when completed in 2015.