Qatar Petroleum (QP) is a state owned petroleum company in Qatar. The company operates all oil and gas activities in Qatar, including exploration, production, refining, transport, and storage. QP's chairman is Mohammed Bin Saleh Al-Sada, Minister of Energy & Industry, and Mr. Saad Sherida Al Kaabi is the company President and CEO. QP's operations are therefore directly linked with state planning agencies, regulatory authorities, and policymaking bodies. Together, revenues from oil and natural gas amount to 60 percent of the country's GDP. Currently it is the third largest oil company in the world by oil and gas reserves.
After World War I and the collapse of the Ottoman Empire, Qatar fell within the British sphere of influence and the first onshore oil concession in the country was awarded in 1935 to British Petroleum's predecessor, the Anglo-Iranian Oil Co. (AIOC). Because of its obligations under the Red Line Agreement, AIOC transferred the concession to an associate company of the Iraq Petroleum Co., Petroleum Development (Qatar) Ltd. (PDQ), which would operate the concession. PDQ was later renamed the Qatar Petroleum Co. (QPC). In October 1938, Dukhan No. 1 was spudded and yielded 4,000 barrels of oil per day by January 1940. However, World War II delayed development until 1947 and the first crude exports occurred in 1949.
The first offshore concessions were granted in 1949 to a Canadian Company, the International Marine Oil Company (IMOC), which was a subsidiary of a US company, the Superior Oil Co., and the London-registered Central Mining & Investment Co. In 1952, after IMOC had withdrawn, the Shell Co.-Qatar (SCQ) acquired exploration rights to most offshore territory. In 1960 and 1963, the Idd Al-Shargi and Maydan Mahzam fields were discovered, respectively. The largest offshore field, Bul Hanine, was discovered in 1970 and came onstream in 1972.
Name : Qatar Petroleum
No Of Post : 10,684+
Salary : 33000/- To 51000/-
Qualification : Any Graduate
Last Date : 14-12-2016
Apply Mode : Online
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