Qatar Petroleum CEO: Qatar crude production will rise by 10%, or 400,000 bpd, in 5 to 7 years

The CEO of Qatar Petroleum crossed the wires, via Al Jazeera, saying that crude production will rise by 10%, or 400,000 bpd, in 5 to 7 years after the development of the natural gas north field, Reuters reported.

Key quotes (via Reuters):

  • Qatar well prepared and can "stay under siege forever", gas and oil industries will not be affected
  • Helium issue to be solved, thanks to shipping by sea directly from Doha
  • Qatar still importing all its needs despite boycott, says UAE's port of jJbal Ali will be "biggest loser" in dispute
  • Foreign investments in Qatari oil and gas industries total around 250 billion Riyal, investors will not leave
  • Any disruption in Qatari gas production will affect many countries at different levels

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