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According to a report, Qatar plans to launch $85 billion worth of megaprojects
in the next few years.
Of this, the planned or ongoing projects in the oil and gas project market are worth about $12.
1 billion.
Upstream projects account for the largest share (about 55%)
of oil and gas projects in the country.
Of the projects planned but not implemented, about $9.
1 billion worth of projects are under study, while projects worth about $31.
7 billion are at some stage of tender and $44 billion are in the design phase
, Al Jazeera reported.
Qatar's 10 largest construction clients collectively own large-scale projects worth approximately US$55.
1 billion, including approximately US$18.
5 billion in projects under construction
.
With huge natural gas reserves and considerable oil wealth, Qatar has great potential to generate abundant project opportunities, especially in the natural gas sector, as it is the world's largest exporter
of liquefied natural gas.
Together, upstream and downstream are expected to account for more than 90% of Qatar's oil and gas project market, with a total value of $20 billion
.
The largest oil and gas projects planned or underway in Qatar are the $6.
4 billion Bul Hanine field redevelopment project, as well as the $2 billion North field development and the $700 million Barzan gas development
.
According to a report, Qatar plans to launch $85 billion worth of megaprojects
in the next few years.
Of this, the planned or ongoing projects in the oil and gas project market are worth about $12.
1 billion.
Upstream projects account for the largest share (about 55%)
of oil and gas projects in the country.
Of the projects planned but not implemented, about $9.
1 billion worth of projects are under study, while projects worth about $31.
7 billion are at some stage of tender and $44 billion are in the design phase
, Al Jazeera reported.
Qatar's 10 largest construction clients collectively own large-scale projects worth approximately US$55.
1 billion, including approximately US$18.
5 billion in projects under construction
.
With huge natural gas reserves and considerable oil wealth, Qatar has great potential to generate abundant project opportunities, especially in the natural gas sector, as it is the world's largest exporter
of liquefied natural gas.
Together, upstream and downstream are expected to account for more than 90% of Qatar's oil and gas project market, with a total value of $20 billion
.
The largest oil and gas projects planned or underway in Qatar are the $6.
4 billion Bul Hanine field redevelopment project, as well as the $2 billion North field development and the $700 million Barzan gas development
.
