We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Investments Between Qatar and South Korean Governments in Oil & Gas Industry and Others - Essay Example

Comments (0)
Summary
Investments Between Qatar and South Korean Governments
The two countries, as will be highlighted in details later in the paper signs a memorandum of understanding (MoU) outlining the creation of a joint infrastructure cooperation taskforce. …
Download full paper
GRAB THE BEST PAPER
Investments Between Qatar and South Korean Governments in Oil & Gas Industry and Others
Read TextPreview

Extract of sample
Investments Between Qatar and South Korean Governments in Oil & Gas Industry and Others

Download file to see previous pages... The 1970s’ oil and economic boom did play a very central role in promoting the economic growth of the Gulf Cooperation Council (GCC) countries. The enormous revenues so derived from the exportation of oil and natural gas saw these countries make immense investments in both infrastructure and development. Such investment necessitated a labor force that surpassed the countries’ local supply (Commercial Bank of Qatar 1). Although this deficiency in labor force can be attributed to the small indigenous populace in these countries, the situation was worsened by the fact that a majority of the citizens hardly qualified for the required tasks. This saw through overseas experts being called upon to remedy the situation. Moreover, with the subsequent expansion in the industry, Qatar and South Korea have become destinations for expats in search of employment. This has a result seen the two countries enter into joint infrastructural and development ventures (COP18/CMP8 1).
Literature Review
Qatar is a small peninsular country located in the Persian Gulf. This notwithstanding, the country has in the past emerged as a partner of not only the United States- and more especially in hosting major military facilities of the United States- but also with other countries the likes of South Korea. Statistics have indicated that Qatar is the third largest holder of natural gas reserves in the world, with an estimated reserve capacity of 896 trillion cubic feet. Besides, its small citizenry has seen the nationals enjoy the global highest per capita income. Shaykh Hamad bin Khalifa Al Thani, the Emir of Qatar has been able to manage a course of the principal economic growth (Expo 2012 1). After replacing his father, limited political liberalization has taken place under the leadership of The Emir. It is however worth noting that Shaykh has seen through several projects capitalizing on the country’s hydrocarbon resources with such benefits as improvements in the educational opportunities for the Qatar nationals and economic diversification being realized (SWF 1). In 1999, the state-owned oil company, Qatar Petroleum, increased its crude oil production to 824 000 barrels per day from 593000 barrels per day. By 2012, crude oil production by the company is at 730000 barrels per day. Nevertheless and owing to the fact that there are likelihoods of oil reserves becoming exhausted in the event that the current production rate remain unchanged, Qatar has rapidly moved to the exploitation of the vast natural gas reserve so as to meet the demands of its importers who include South Korea, Singapore and Japan (Williams 1). And as part and parcel of the country’s long-term development strategy, Qatar has tapped international financial markets and entered into investment with countries like South Korea. The country has also invited foreign investment in the recent past in an effort to finance the expansion of its gas extraction and liquefied natural gas production facilities. Apart from partnering with the South Korean government in the oil and gas industry, Qatar through Qatar Holding LLC did sign a memorandum of understanding with the Korean ministry of land, ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Oil & Gas Operations Industry
This paper will assess my portfolio in the Oil and Gas industry. This is an industry that operates at a very challenging environment, characterized by frequent fluctuation of oil prices and stringent regulatory framework. More importantly, the industry has to contend with uncertainty that has characterized the recent decades.
12 Pages(3000 words)Research Paper
Legal Aspects of the Oil & Gas Industry

The author says that Libya and Iran are two oil-rich countries where nationalization of international oil companies have taken place with various legal problems where the International Court of Justice (ICJ) have intervened and have declared various decisions. The large multinational oil companies have attained efficiency.

14 Pages(3500 words)Essay
United Kingdom Offshore Oil and Gas Industry
United Kingdom Offshore Oil and Gas Industry Long-term measures have been undertaken as a means of establishing alternative energy options, but in the contemporary context there remains a central emphasis on internal oil and gas sources. In the United States, this is demonstrated with recent concerns with the Keystone Pipeline.
3 Pages(750 words)Essay
Relationship Between Crude Oil And Natural Gas Prices
Factors affecting demand and supply of crude oil and natural gas have also been discussed. According to economics theory, there is deemed to be a relationship between natural gas and crude oil prices. This is based on the fact that natural gas and crude oil are substitutes in consumption, as well as rivals, in production (Villar, Joutz).
20 Pages(5000 words)Essay
Global Oil and Gas Industry
This paper intends to establish why the oil and gas exploration and production sector attracts global investors. It aims to know the basics of oil production and the profiles of the multinational key players, which, for the purpose of this research are identified as the various country-investors namely the US, the Middle East, Africa, Russia, Japan, China, India, and the Philippines.
6 Pages(1500 words)Essay
Health and Safety Issues in the Oil and Gas Industry
According to the report such processes are potentially hazardous not just to its employees but also to the environment. For the past years, the oil and gas industry has received wide-ranged criticisms regarding its negative effects on the global atmosphere. These effects on both humans and the environment are the subjects of this study.
5 Pages(1250 words)Essay
The oil and gas industry in Canada
An average of 438,000 cubic meters per day of crude oil, natural gas condensate and crude bitumen were produced in 2008 (National Energy Board, 2008). Of this amount produced, bitumen from oil sands was
3 Pages(750 words)Research Paper
Operation and Competition Situation of UK Oil & Gas Industry
Table 1 gives the market value of the oil and gas industry as a correlation of the industry’s contribution to the economic growth of the country. From table 1, it is seen that the sector’s contribution to the economic outlook of UK
10 Pages(2500 words)Essay
Different type of market in oil & gas industry
Nevertheless, mind-numbing transition in the price has also been recognised as a long-standing concern that makes continuous swing of the global oil and natural gas industry (Balat &
24 Pages(6000 words)Essay
Oil and gas industry
It also plays a crucial part of the American economy. The U.S is among the leading producers of oil globally (Vassiliou 70). As of 2011, the sector accounted for 12.2 percent of the gross domestic product. As production and
2 Pages(500 words)Essay
Let us find you another Essay on topic Investments Between Qatar and South Korean Governments in Oil & Gas Industry and Others for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us