3.750
%
Neutral
21
mm boe
15
%
While open to investment, the recent influx of IOCs has precluded the involvement of independents.
June 1, 2024
Middle East
mm bbl
bcf
Middle East, peninsula bordering the Persian Gulf and Saudi Arabia
PSC/PSA
Fiscal regime — Traditionally, the State of Qatar has favoured production sharing contracts (PSCs) as the mechanism for agreements between the Government and oil and gas companies. However, more recent agreements have been drafted as development and fiscal agreements (DFAs).
The government remains the dominant actor in the economy, though it encourages private investment in many sectors and continues to take steps to encourage more foreign direct investment (FDI). The dominant driver of Qatar’s economy remains the oil and gas sector, which has attracted tens ofbns of dollars in FDI. In adherence to the country’s National Vision 2030 plan to establish a knowledge-based and diversified economy, the government recently introduced reforms to its foreign investment and foreign property ownership laws to allow 100% foreign ownership of businesses in most sectors and real estate in newly designated areas. There are significant opportunities for foreign investment in infrastructure and energy.
Source: ESRI, Heritage Index, HMG Foreign & Commonwealth Office, US Department of State, International Trade Administration, International Law Review, Ernst & Young, Wood Makenzie & OGA data.
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