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Dolphin Natural Gas Project - Research Paper Example

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Name: Course: Instructor: Institution: Date: Dolphin Natural Gas Project Abstract Countries in the Middle East are with no doubt endowed with immense resources of oil and natural gas. Various projects have been laid down by governments and private businesses to make the best out of these resources for economic growth…
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Download file to see previous pages However, as the paper will highlight, the entry of foreign based companies such as the French’s Total and other has created new dynamics in the multi-million dollar project. This paper will provide a background check on the circumstances which led to the formation of the project and the politics involved between Qatar and the UAE. Discussions on the effects of these relations will be the focus of this research activity. The central idea of this study is to look at these dynamics and the effect which the project has created on its partners and other stakeholders. Introduction Background The idea behind Dolphin Natural Gas Project was initially started in 1999 with the sole intention of supplying natural gas to the three states of the Middle East. The project which was to be fully completed in July 2007 cost an estimated 7 billion dollars gross and an estimated $3 billion in the offshore pipeline. The gas pipeline which is approximately 364 kilometers joins the three nations via sea and land. The onshore processing plant is at the Ras Laffan processing plant which is located in Qatar. Opened in 2006, it is the largest of its kind in the world and creates more gas than entire countries in the continent per day. The processed gas is piped to Taweelah receivers in the United Arab Emirates which are joined by the 182 km long Al Ain – Fujairah gas pipeline in the country. It is estimated that the gas project delivers a staggering equivalent of 330,000 barrels of oil per day (www.dolphinenergy.com). With this kind of money, political and economic interest comes into play from stakeholders from within and without. The entire region keenly monitored the gas project from its inception to the current state of political and social impacts. Significance and objectives of the study This research paper will look at five major dynamics that surround the operations and functionality of the project. This includes identifying all the stakeholders involved in the project, the political interests of Qatar and the other partners in the gas project and the merits or demerits of this action. Additionally, this study will focus on the participation of private stakeholders such as Total limited, Qatar petroleum and ADNOC and the impacts thereafter. Lastly, there will be justifications of the intense interests that the foreign players are slowly developing to be involved in the project. Literature Review Various journals and media publications have highlighted the project and the implications that it attracts for the region. Because of the direct impact the pipeline has on the three nations and the Middle East’s economy at large, the Dolphin natural Gas project has been analyzed and counter analyzed by both local and foreign media fraternities. First, the ease of doing in Qatar as a business destination has become critical in attracting foreign investors as Clyde and company (2010) elaborate. Dolphin gas project is one of the largest inland-offshore projects in world history. This is an indication that dynamics being involved in the project such as business interests, political involvements and social implications are a center stage in its existence. This report utilizes a government report concerning the project and the data involved. Additionally the perspective of Dunning’s paradigm of ownership, location and internalization highlights the importance of a ...Download file to see next pages Read More
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