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The energy industry in Qatar
Qatar has the 13th largest oil reserves in the world and is also the 14th largest producer of oil. As a result, this country in the Middle East has one of the strongest economies in the world when measured by GDP. 70% of government revenue comes from the oil and gas industry and 85% of the country’s exports are oil and gas. All oil and gas industry in Qatar is managed by the state-owned Qatar Petroleum and most of the production takes place offshore or on the Dukhan Field, which has a total of 605 oil wells. Qatar was a member of OPEC but announced in December 2018 that it was leaving the cartel after 60 years.
