Qatar has earmarked USD 100bn for various major projects and in infrastructure development till the year 2012. According to the latest issue of Arab Oil and Gas Magazine, the bulk of the capital investment would be towards developing the country's infrastructure and to energy-related projects.
This is apart from various transport communications and construction projects already launched in anticipation of the 2006 Asian Games to be held in Doha. The investment figure has been revised from USD 60bn. Qatar's Energy Minister Abdulla bin Hamad Al Attiyah said that the main objectives of Qatar's strategy for the oil and gas sectors, which have been laid down for the period up to 2010-2012 and are subject to modification.
Attiyah further said that new projects are continually being added. Arab Oil and Gas Magazine reported that some of the major projects in QatarÕs hydrocarbon sectors are; expanding production capacity to 1mn barrels per day (bpd) from the current 830,000-840,000 bpd, to achieve a 30% share of world liquefied natural gas (LNG) supplies by 2012, increase Qatar's LNG production capacity to 77mn tonne per year from the current level of 20mn tonne per year. Qatar also plans to production of clean in its proposed gas-to-liquids (GTL) plants.
Qatar has tied up with several multinational oil companies such as ExxonMobil, ConocoPhillips, Marathon and Sasol Chevron for implementing various hydrocarbon projects.