Reaping the rewards of a gas bonanza

Ford, Neil
August 2003
Middle East;Aug/Sep2003, Issue 337, p52
Already the world's most buoyant economy, Qatar continues to go from strength to strength underpinned by the potential of its vast oil reserves. At one stage during the mid-1990s, the Qatari economic success story looked like being undermined by falling oil production and low world oil prices. Yet gross domestic product rose rapidly during the years 1998-2000, putting the country back on track and heralding a rosy future for the Gulf emirate. While crude oil output has continued to decline, massive investment in the gas sector has more than compensated for lost oil revenues and Qatar is now firmly established as a global player in the gas industry.


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