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The nationalization of oil supplies refers to the process of confiscation of oil production operations and their property, generally for the purpose of obtaining more revenue from oil for the governments of oil-producing countries. This process, which should not be confused with restrictions on crude oil exports, represents a significant ...
Qatarization is one of the focuses of the Qatar National Vision 2030. [1] While the expatriate population has rapidly grown since the late 20th century, the Qatari population has increased only at a marginal rate. Therefore, as a means to decrease dependence on foreign labor, the Qatari government has heavily prioritized Qatarization in recent ...
QatarEnergy (Arabic: قطر للطاقة), formerly Qatar Petroleum (QP), [1] is a state owned petroleum company of Qatar. The company operates all oil and gas activities in Qatar, including exploration, production, refining, transport, and storage. The President & CEO is Saad Sherida al-Kaabi, Minister of State for Energy Affairs. The company ...
Qatar's first oil discovery was made in late 1930s with oil deposits found in Dukhan field. Since then, Qatar claims to have 1.5% of global oil reserves, while producing 2% of the global oil economy. [6] Oil storage tanks on Halul Island. In 2015, Qatar was ranked as the 17th top producer of crude oil worldwide at an approximate 1.532 million ...
1976, foundation of PDVSA with the nationalization of the Venezuelan oil industry under the presidency of Carlos Andrés Pérez. 2007 On May 1, 2007, the government stripped the world's biggest oil companies of operational control over massive Orinoco Belt crude projects, a controversial component in President Hugo Chávez's nationalization drive.
These are funded by fossil fuel revenues, as the state has one of the highest GDPs in the world, following discovery of offshore oil and gas fields in the 1960s. This has led to three drivers of Qatari foreign policy, as identified by academics. Firstly, Qatar is seeking to enhance its global presence to increase its security in the region.
Before the emergence of petrol-based industry, Qatar was a poor pearl diving country. The exploration of oil and gas fields began in 1939. [16] [17] In 1973, oil production and revenues increased dramatically, moving Qatar out of the ranks of the world's poorest countries and providing it with one of the highest per capita incomes in the world.
Top 5 oil-producing countries 1980–2022 World oil production. This is a list of countries by oil production (i.e., petroleum production), as compiled from the U.S. Energy Information Administration database for calendar year 2023, tabulating all countries on a comparable best-estimate basis.