Higher extraction of hydrocarbons and robust expansion in the production of beverages and refined petroleum products have led Qatar's industrial production report a marginal 0.3% year-on-year growth in December 2018, according to the official estimates.
Robust hydrocarbons and manufacturing sector helped Qatar's industrial producers' earnings register an about 10% growth year-on-year in December 2018, according to official estimates.
Qatar’s industrial production saw robust gains this August both on yearly and monthly basis, mainly on the back of stronger hydrocarbons and manufacturing sectors, according to official estimates.
The country's Industrial Production Index (IPI) reported a 1.4% and 1.5% increase year-on-year and month-on-month respectively in April this year.
Qatar Petroleum president and CEO Saad Sherida al-Kaabi expressed “great satisfaction at the positive conclusion” of the visit.
Qatar’s strategy to diversify its economy away from hydrocarbons was commended during a recently-held forum where the country’s energy minister said non-hydrocarbon contribution to GDP has climbed to 60%.
Hydrocarbons are a depleting resource and this is an "inescapable" reality, said HE Abdullah bin Hamad al-Attiyah, former Deputy Prime Minister and Minister of Energy and Industry.
India has awarded drilling rights for 31 small oil and gas fields as it looks to reduce its costly dependence on energy imports.
Saudi Arabia's new energy minister said on Sunday the world's largest crude exporter was committed to meeting demand for hydrocarbons from its customers and would maintain its petroleum policies.