VOL. XLIII

No. 32

7-August-2000

QATAR

Qatar Targets Crude Oil Production Capacity Of 1Mn B/D

MEES learns from authoritative sources that Qatar is aiming to increase its onshore/offshore crude oil production capacity from the current level of 756,000 b/d to around 1mn b/d in the next two-to-three years (see Table). Crude oil production in June was running at 720,000 b/d (MEES, 17 July), and with OPEC quotas being increased, past restraints on production expansion have been removed. Last January,...