Qatar Petroleum (QP) specializes in the exploration, drilling, production, transport, storage and sale of crude oil, natural gas liquids, liquefied natural gas, refined products, petrochemicals and fertilizers.

The company produces over half of Qatar’s total output with a total oil production capacity of 890,000 barrels per day, as of 2008, and is expected to reach one million b/d by the end of 2009.

QP established in 2003 the Oryx GTLOryx GTL plant yields 34,000 b/d of GTL. The Pearl GTL was launched in July 2006; it will consist of two 70,000 b/d GTL trains and associated facilities. Phase two of Al-Khalij Gas (AKG-2) will begin operations in the second half of 2009, and will supply natural gas to domestic markets.

With the coming on-stream of the RasGas Train 5, Qatar Petroleum’s objective is to become the world’s largest Liquefied Natural Gas producer and exporter, with production capacity of 30 million tons per year.

QP’s LNG production capacity will reach 77 million tons per year, by 2010 and in anticipation, the company laid the foundations of Qatargas 3Qatargas 3 and Qatargas 4Qatargas 4 LNG trains in 2008. They are expected to generate a total of 15.6 million tons of LNG per year, mainly for US markets.