40 AND GOING STRONG
“The combined assets of Qatar Petroleum (QP) soared by 85 times over the past four decades. The total revenues of QP increased by 40 folds and net profits surged by 300 times during the period,” says HE Dr Mohamed bin Saleh Al Sada, the Minister of Energy and Industry and Chairman of QP, while addressing a gathering attended by ministers, top government officials, diplomats and energy industry captains in Qatar, to mark the celebration of the 40th anniversary of the issuance of Emiri Decree July 4, 1974, establishing what was then known as the “Qatar General Petroleum Corporation.”
“This year also marks the 75th anniversary of the discovery of oil in Qatar. Qatar Petroleum has contributed in building the national economy and forming one of the fastest growing economies in the world, and that the contribution of the oil sector in the GDP last year exceeded 54%,” Dr Al Sada noted.