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Qatar’s oil and gas industry a key driving force to revitalize economy

Qatar’s enhanced renewable energy sector is aiming towards fortifying its economy the years ahead, a report by Energy Industries Council (EIC) stated. Although a reduction was witnessed in hydrocarbon revenues during the coronavirus-peak period, the oil and gas industry stood solid by playing a vital part in the country’s economy. 

The report said: “Qatar maintains a robust emphasis on its oil and gas activities, which play a pivotal role in supporting the energy transition. This is primarily attributed to its substantial reserves of natural gas, widely acknowledged as an acceptable fuel for transitioning to cleaner energy sources.”

Link: https://thepeninsulaqatar.com/article/27/06/2023/qatars-oil-and-gas-industry-a-key-driving-force-to-revitalise-economy

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