Hosting the 2022 World Cup: Qatar's Crude Oil Production

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Annissa Mutia 06/12/2022 15:10 WIB

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Qatar's crude palm oil (CPO) production was 1,322,000 barrels per day in July 2022.

Qatar Crude Oil Production July 2021-July 2022

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Qatar Crude Oil Production July 2021-July 2022

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The 2022 World Cup has begun and is now entering the Round of 16. Not only does it showcase sporting matches, but spectators are also witnessing an event staged with the most expensive investment in history.

To date, this small Middle Eastern nation is estimated to have spent US$220 billion, or approximately Rp3.454 trillion (assuming an exchange rate of Rp15,700 per US dollar) since being selected as the World Cup host in 2010.

Qatar is one of the wealthiest countries in the world. The oil and gas industry remains the most active and bullish sector in Qatar and will likely continue to play a major role in the future.

According to TradingEconomics, Qatar's crude oil production stood at 1,322 thousand barrels per day in July 2022, unchanged from the previous month. This makes Qatar one of the top 15 largest oil exporting countries and a major fertilizer producer globally.

Qatar Energy (QE), the state-owned oil and gas company, oversees oil, gas, fertilizer, petrochemical, and refining operations in the country.

Meanwhile, Qatar's oil consumption stood at 311,170 barrels per day in 2021. This consumption figure increased by 5.12% from 296,000 barrels per day the previous year.

(read: [World Cup 2022 Qatar Jadi Ajang Piala Dunia dengan Biaya Termahal dalam Sejarah](https://databoks.katadata.co.id/datapublish/2022/09/28/world-cup-2022-qatar-jadi-ajang-piala-dunia-dengan-biaya-termahal-dalam-sejarah))

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Hosting the 2022 World Cup: Qatar's Crude Oil Production

Hosting the 2022 World Cup: Qatar's Crude Oil Production

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