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Qatar Petroleum (QP) is a state owned petroleum company in Qatar. The company operates all oil and gas activities in Qatar, including exploration, production, refining, transport, and storage. QP's chairman is Mohammed Bin Saleh Al-Sada, Minister of Energy & Industry, and Mr. Saad Sherida Al Kaabi is the company President and CEO. QP's operations are therefore directly linked with state planning agencies, regulatory authorities, and policymaking bodies. Together, revenues from oil and natural gas amount to 60 percent of the country's GDP. Currently it is the third largest oil company in the world by oil and gas reserves. After World War I and the collapse of the Ottoman Empire, Qatar fell within the British sphere of influence and the first onshore oil concession in the country was awarded in 1935 to British Petroleum's predecessor, the Anglo-Iranian Oil Co. (AIOC). Because of its obligations under the Red Line Agreement, AIOC transferred the concession to an associate company of the Iraq Petroleum Co., Petroleum Development (Qatar) Ltd. (PDQ), which would operate the concession. PDQ was later renamed the Qatar Petroleum Co. (QPC). In October 1938, Dukhan No. 1 was spudded and yielded 4,000 barrels of oil per day by January 1940. However, World War II delayed development until 1947 and the first crude exports occurred in 1949.
The first offshore concessions were granted in 1949 to a Canadian Company, the International Marine Oil Company (IMOC), which was a subsidiary of a US company, the Superior Oil Co., and the London-registered Central Mining & Investment Co. In 1952, after IMOC had withdrawn, the Shell Co.-Qatar (SCQ) acquired exploration rights to most offshore territory. In 1960 and 1963, the Idd Al-Shargi and Maydan Mahzam fields were discovered, respectively. The largest offshore field, Bul Hanine, was discovered in 1970 and came onstream in 1972.
Qatar local vernacular pronunciation: officially the State of Qatar (Arabic: دولة قطر Dawlat Qatar), is a sovereign country located in Western Asia, occupying the small Qatar Peninsula on the northeastern coast of the Arabian Peninsula. Its sole land border is with Saudi Arabia to the south, with the rest of its territory surrounded by the Persian Gulf. An arm of the Persian Gulf separates Qatar from the nearby island country of Bahrain.
Following Ottoman rule, Qatar became a British protectorate in the early 20th century until gaining independence in 1971. Qatar has been ruled by the House of Thani since the early 19th century. Sheikh Jassim bin Mohammed Al Thani was the founder of the State of Qatar. Qatar is a hereditary monarchy and its head of state is Emir Sheikh Tamim bin Hamad Al Thani. Whether it should be regarded as a constitutional or an absolute monarchy is disputed. In 2003, the constitution was overwhelmingly approved in a referendum, with almost 98% in favour. In early 2017, Qatar's total population was 2.6 million: 313,000 Qatari citizens and 2.3 million expatriates.
Qatar is a high-income economy, backed by the world's third-largest natural-gas reserves and oil reserves.The country has the highest per capita income in the world. Qatar is classified by the UN as a country of very high human development and is widely regarded as the most advanced Arab state for human development. Qatar is a significant power in the Arab world, reportedly supporting several rebel groups during the Arab Spring both financially and through its globally expanding media group, Al Jazeera Media Network. For its size, Qatar wields disproportionate influence in the world, and has been identified as a middle power. Qatar will host the 2022 FIFA World Cup, becoming the first Arab country to do so.
In June 2017, Saudi Arabia, Bahrain, the UAE, and Egypt, among other Gulf states, cut off diplomatic relations with the country, accusing it of supporting and funding terrorism and manipulating internal affairs of its neighboring states, an escalation of longstanding tensions with Saudi Arabia.
Human habitation of Qatar dates back to 50,000 years ago. Settlements and tools dating back to the Stone Age have been unearthed in the peninsula. Mesopotamian artefacts originating from the Ubaid period (c. 6500–3800 BC) have been discovered in abandoned coastal settlements. Al Da'asa, a settlement located on the western coast of Qatar, is the most important Ubaid site in the country and is believed to have accommodated a small seasonal encampment.
Kassite Babylonian material dating back to the second millennium BC found in Al Khor Islands attests to trade relations between the inhabitants of Qatar and the Kassites in modern-day Bahrain.Among the findings were 3,000,000 crushed snail shells and Kassite potsherds. It has been suggested that Qatar is the earliest known site of shellfish dye production, owing to a Kassite purple dye industry which existed on the coast.
In 224 AD, the Sasanian Empire gained control over the territories surrounding the Persian Gulf. Qatar played a role in the commercial activity of the Sasanids, contributing at least two commodities: precious pearls and purple dye. Under the Sasanid reign, many of the inhabitants in Eastern Arabia were introduced to Christianity following the eastward dispersal of the religion by Mesopotamian Christians. Monasteries were constructed and further settlements were founded during this era. During the latter part of the Christian era, Qatar comprised a region known as 'Beth Qatraye' (Syriac for "house of the Qataris"). The region was not limited to Qatar; it also included Bahrain, Tarout Island, Al-Khatt, and Al-Hasa.
In 628, Muhammad sent a Muslim envoy to a ruler in Eastern Arabia named Munzir ibn Sawa Al Tamimi and requested that he and his subjects accept Islam. Munzir obliged his request, and accordingly, most of the Arab tribes in the region converted to Islam. After the adoption of Islam, the Arabs led the Muslim conquest of Persia which resulted in the fall of the Sasanian Empire.