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Qatar was the first Persian Gulf state to build its own petrochemical industry. The Qatar Petrochemical Co. (QAPCO) was established on 9 November 1974, by Emiri Decree No. 109, as a joint venture between QP (84 percent) and CdF (Chimie de France) and began production of ethylene, low-density polyethylene, and sulfur in 1981.
The company's principal investments are Qatar Petrochemical Company (QAPCO) (an 80:20 joint venture with TotalEnergies), Qatar Fuel Additives Company (QAFAC) (50 percent owned, with the remaining shares held by OPIC, International Octane and Taiwan-based LCY Group), Qatar Fertiliser Company (QAFCO) (a 75:25 joint venture with Yara), and Qatar ...
The purpose of its founding was to host petrochemical facilities for the natural gas obtained from North Field. [5] The North Field, found in 1971, is the world's biggest natural gas field, occupying an offshore area of roughly 6,000 square km; more than half the size of the State of Qatar.
State-owned insurance company S A QNB Group: Financials Banks Doha: 1964 Commercial bank P A Qatar National Cement Company: Industrials Building materials & fixtures Umm Bab: 1965 Cement manufacturing company S A Qatar National Company for Medical Projects: Health care Health care providers Doha: 2005 Healthcare company P A QatarEnergy: Oil & gas
Since 1997, Qatar has been exporting LNG from the North Field. In 2006, Qatar surpassed Indonesia as the world's largest LNG exporter. Based on the massive gas resources of the field, Qatar is developing the world biggest LNG export facilities in order to reach the capacity of 77 million metric ton per year by 2012 (see table below). [48]
Qatofin Company Limited (49.09%), Qatar Samsung Total Petrochemicals Co. Ltd (50.00%), South Korea Saudi Aramco Total Refining and Petrochemical Company (37.50%), Saudi Arabia
It was chosen by the company because of its proximity to the working population in Doha and Al Wakrah and because of the depth of its waters. [3] It was the only deepwater port in Qatar for more than 20 years. [4] The first industrial facilities prepared on site were oil pumps and oil storage tanks. [5]
The Mesaieed Master Plan was devised in 2006 and its contents guide the city's development over 25 years from 2006 until 2030. It outlines the distribution of land for public and private infrastructure, such as power, petrochemical industries, non-petrochemical industries, residential units, green belts, shipping, and waste disposal. [52]