An energy giant bigger than Exxon in the shadow of Saudi Aramco (Bloomberg)

09 / FEB / 2017
gas-natural
An energy giant bigger than Exxon in the shadow of Saudi Aramco (Bloomberg)
 
Mohammed Sergie / Bloomberg

Qatar Petroleum is the hidden giant of the global energy industry, overshadowed by its neighbor Saudi Aramco. Yet, the country’s colossal natural gas resources allow the state-run company to pump more oil and gas than Rosneft PJSC or ExxonMobil Corp. After almost two decades of breakneck growth, the company needs to change tack.

QP plans to expand abroad as domestic crude output declines and the government bars new drilling in the offshore North Field, home to the gas that made Qatar the world’s leading supplier of liquefied natural gas.

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