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Gas Reserves and Production in Quatar, Iraq, Oman, UAE Kuwait, Saudi Arabia and Bahrain - Book Report/Review Example

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The goal of this report is to provide a summary of geographical gas reserves in countries around the United Arab Emirates (UAE). Therefore, the writer of this paper analyzes the refining and consumption, exploration and production, import and export of natural gas for each region…
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Gas Reserves and Production in Quatar, Iraq, Oman, UAE Kuwait, Saudi Arabia and Bahrain
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Download file to see previous pages Among the members of the organization of the petroleum exporting countries (OPEC), Qatar is the second lowest producer and exporter of crude oil. In 2012, the country’s non-crude liquids production surpassed its crude oil production for the first time since the history of the country. The country holds the 9th position among countries with the largest reserves among the OPEC countries and 13th position across the world.
Refining capacity of Qatar surpasses its domestic demand for petroleum products, hence the main reason why the country exports most of its refinery output. Between 2003 and 2012, Qatar’s petroleum consumption rose by more than 70% from 72000 to 189000 barrels per day. Operating two refineries, the country has a combined crude oil refining capacity of 338,700 barrels per day.
Although oil exploration in the country currently is in progress, it is not with the same degree as other producing countries. The last major oil discovery in Qatar was in 1994 when the country discovered oil in the Al Rayyan field. Especially because of the use of enhanced oil recovery technique, Qatar has managed to maintain its production of oil from its existing fields.
Qatar does not import any oil but occasionally imports petroleum products because the manufacturing sector seldom meets the demand for these products. As the country’s production of oil and natural gas far outreaches the domestic demand, the country exports most of its oil and natural gases. Three major terminals that export Qatar’s petroleum products include Umm Said, Hall Island, and Ras Laffan.
This is a most important element in Qatar’s energy sector. Despite being the leading exporter of liquefied natural gas, the recent discoveries are likely to boost the production in the recent future. In January 2014, the country was the third largest country with proved natural gas reserves, approximated at 885 trillion cubic feet. ...Download file to see next pagesRead More
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