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Richer than Dubai, how much is Qatar?

author:Upward old street

In the world, Qatar is a "homegrown" country.

Richer than Dubai, how much is Qatar?

With an area of 21,800 square kilometers, it has the world's largest oil reserves.

It is also a country known as the "oil capital", with nearly half of the world's oil reserves.

Although Qatar is famous for its oil, its development is inseparable from the economy of the West.

In this country, there is one of the longest rivers in the world, the Doha River, which is the lifeline for the survival and development of the people of the State of Qatar.

Every year Qatar hosts the "Sound of Doha" international music festival.

In this country, you can see the best and most luxurious luxury cars and luxury brands from all over the world, and you can buy the best and cheapest goods and services from all over the world.

Not only is it rich and luxurious to live here, but also many world-famous brands and luxury companies have set up offices here, so it is also known as the "Global Luxury Capital".

Although Qatar has always maintained extremely high prices (domestic prices are about twice the global average consumption level), its per capita GDP is much higher than most countries in the world (about 4700 yuan).

Qatar has one of the highest per capita GDP in the world (about $7,900 in 2019), and one of the highest per capita GDP and global per capita income!

Richer than Dubai, how much is Qatar?

First, the world's largest

Qatar, full name "United Arab Emirates", located at the crossroads of West Asia and North Africa, is a Gulf country between Asia and Africa, and the second largest economy in the Middle East.

Located between 3°~11° north latitude, the maximum span of north and south is about 360 km (150° meridian), and the maximum span of east and west is about 220 km (80° latitude); The east-west span is about 200 km.

Qatar is located at the northernmost tip of the Arabian Peninsula, bordering the Persian Gulf and bordering Saudi Arabia, Iraq and Kuwait.

Due to its location between the world's two largest deserts, the Sahara Desert and the Arabian Sea, Qatar is the two major desert countries.

Qatar is one of the largest producers of natural gas in Western Asia (the fourth largest in the world in terms of natural gas reserves) and the fourth largest producer of liquefied petroleum gas (currently the sixth largest oil and gas producer in the world).

On December 4, 2018, the International Energy Agency reported that Qatar has become the world's highest natural gas producer with the sixth largest natural gas production in the world.

Richer than Dubai, how much is Qatar?

2. The longest in the world

Qatar is a member of the League of Arab States.

Doha, formerly known as the State of Qatar, is an autonomous state in the southwestern part of the United Arab Emirates that became independent on 25 July 1923.

Dokha means "free city", "oasis" or "harbour".

Dokha, the capital, has a population of about 5.5 million, most of whom are Muslim and Sunni.

Together with Dubai in the southwest, Bahrain in the northwest and Manama in the northwest, the Port of Doha constitutes Qatar's three major international trade ports.

Richer than Dubai, how much is Qatar?

3. The global oil capital

Qatar's oil reserves have reportedly tripled nearly threefold over the past decade to a staggering 41 billion barrels (about half of the world's total reserves), a figure equivalent to 1/5 of the world's proven oil reserves.

All the big oil companies in the world have partnerships with Qatar, and they profit a lot from it.

In 2019, Qatar became the world's fourth largest oil producer, fourth largest oil exporter, largest producer of liquefied natural gas and fifth largest exporter of crude oil.

4. Oil exports

Founded in 1957, Qatar Petroleum is one of the largest oil companies in the world.

In 2018, Qatar exported about 12.2 million b/d of crude oil.

According to the U.S. Energy Information Administration, Qatar's crude oil reserves stood at 550 million barrels per day at the end of 2017, second only to Saudi Arabia and Iraq; Natural gas reserves are 2.2 trillion cubic meters.

On July 11, 2019, Saudi Aramco announced its financial results for the first quarter of fiscal year 2019 (July 10 to August 9, 2019), showing that Saudi Aramco's total revenue reached US$13.9 billion; Net income was $969 million; net debt was $74 billion.

On March 27, 2019, Saudi Aramco's share price rose 14% to 33.39 riyals per share.

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