Qatar's firm policy in the economic sphere is to diversify income sources and stabilize economic growth through optimizing the utilization of its natural resources and enhancing the development of the north gas field and petrochemical, iron and steel and refining industries. The state has succeeded in a record time in establishing and operating a massive industrial base; and has thus become a major world producer and supplier of liquefied natural gas and other petroleum products. This status has considerably increased the country's income and helped further its social and economic structure development.
Qatar has achieved the highest quality standards in performance and cost reduction on a par with similar industries in the industrially developed countries.

Chemical fertilizers industry (QAFCO)
Established in 1969,Qatar Fertilizer Company (QAFCO) is shared by Qatar Petroleum (75%) and Norsk Hydro of Norway (25%). The fertilizers complex comprises two ammonia and two urea-producing plants. Production at the two plants started in 1973 and 1979 respectively.
The plant's expansion project, QAFCO 3, which was inaugurated in 1997, has a daily design output capacity of 3800 tons of ammonia, 4850 tons of urea and 2000 tons of high quality granular urea.
The new expansion project, QAFCO 4, is designed to have a daily output capacity of 2000 tons of ammonia, 3200 metric tons of urea and 65 ton of Formaldehyde since 2004.
The company produced 2133.8 thousand metric tons of ammonia and 2978.8 thousand metric tons of urea in 2005.

Petrochemical Industry(QAPCO)
Qatar Petrochemical Company (QAPCO) was established in 1974 as a joint venture between QP (80%), the French company Elf Atochem (10%) and the Italian company Enichem (10%).
The petrochemical complex started production in 1981 from three main production units. An expansion project, started in 1994 and commissioned in 1996, raised the annual output capacity of the complex to 525 thousand metric tons of ethylene, 360 thousand metric tons of low-density polyethylene (LDPE) and 70 thousand metric tons of sulfur.
By the year 2005, the annual production of QAPCO stood at 544 thousand metric tons of ethylene and 415.4 thousand metric tons of polyethylene; and 43.3 thousand metric tons of sulfur.

Qatar Chemical Company Ltd. (Q-Chem)
Qatar Chemical Company Ltd. (Q-Chem) was founded in 1998 as a joint venture between QP (51%) and Chevron Phillips Petroleum (49%). The complex was inaugurated in 2003 with a design annual output capacity of 500 thousand tons of ethylene. In 2003, the company's product of high density polyethylene and hexane mounted to 141.900 tons and 14.600 tons respectively.

Qatar Vinyl Company (QVC)
QVC was inaugurated in 2001 as a joint venture between QP (25.5%), QAPCO (31.9%), the Norwegian Norsk Hydro (29.7) and the French Atofina (12.9). The company aimed to produce 290 thousand metric tons of, 180 thousand metric tons of and 290 thousand metric tons of, annually.
In 2005, the company produced 351 thousand metric tons of caustic soda, 228 thousand metric tons of ethylene dichloride and 267 thousand tons of vinyl chloride monomer.

Qatar Steel Company (QASCO)
Qatar Steel Company (QASCO) was established in 1974 as a joint venture between the government of Qatar (70%) and two Japanese companies, Cobi Steel Ltd. (20%) and Tokyo Boeki Ltd. (10%), but the government has full ownership of the company since 1997. Starting with 330 thousand metric tons, the company now produces 750 thousand metric tons of concrete reinforcing bars per year. In 2005 production reached 791.4 thousnd metric tons.

Natural Gas Liquids (NGL) Plants

Natural Gas Liquids Plant (NGL-1)
commissioned in 1994, has the following design daily output capacity:
- 1350 tons of ethene-rich gas.
- 1284 tons of propane.
- 851 tons of butane.
- 588 tons of LNG liquids condensate.

Natural Gas Liquids plant (NGL-2)
commissioned in 1980, has the following daily output capacity:
- 1145 tons of ethane-rich gas.
- 1079 tons of propane.
- 899 tons of butane.
- 903 tons of LNG liquids condensate.

North Field Gas Plant (NFGP)
ianugurated in 1991, has the following daily output capacity:
- 1030 million sqare feet of light gas.
- 3000 tons of raw natural gas liquids.
- 3240 tons of the North Gas Field condensate.
- 280 tons of sulfur.

Natural Gas Liquids Plant (NGL-4)
opened in 2003, extracts 3200 metric tons of ethane, 5100 metric tons of natural gas liquids and 780 thousand barrels of condensate per day and the products of natural gas liquids in 2005 were estimated at 1403112 metric tons of propane , 1075368 metric tons of butane and 1556093 metric tons of condensers.

Oil Refining Industry
Qatar Petroleum is the body responsible for oil refining in Qatar. The country's first oil refinery, inaugurated in 1974, had a daily output capacity of 6,200 barrels. A second refinery, with a daily output capacity of 50 thousand barrels, was added in 1984. In 2002, QP refinery expansion was inaugurated and output capacity rose to 137 thousand barrels per day.The annual product of petrol in 2005 mounted to 4036.7 metric tons. The product of liquefied petrol gas was 131.000 metric tons, of diesel: 925.6 metric tons and of fuel oil: 418.3metric tons.

Qatar Fuel Additives Company (QAFAC)
Established in 1999 in Mesaieed, QAFAC is a shareholding between QP (50%), Chinese Petroleum Corporation CPC (20%), Lee Chang Yung Chemical Industry Corporation (15%) and International Octane Ltd (15%). The project is designed to produce 832.5 thousand tons of methanol liquid and 610 thousand tons of MTBA annually.
In 2005, production level reached about 912 thousand metric tons of methanol liquid and 668 thousand metric tons of MTBA.

Qatar Liquefied Natural Gas Company (QatarGas)
QatarGas is a pioneer in the field of liquefied natural gas production in Qatar, and it has gone along way on its chosen field since it was established in 1984. The company's present output capacity of liquefied natural gas is about 8 million tons annually, and plans are in place to raise this figure to about 9 million tons by 2005. The offshore installations of the company have been designed to produce about 1,450 million square feet of gas and about 55,000 barrels of condensate per day.

Ras Laffan LNG Company (RasGas)
RasGas was established in 1993 and commissioned in 1999 and is designed to produce 5 million metric tons of LNG annually and 24 thousand barrels of condensate per day. Now it produces 140 thousand square meters of LNG and 44 thousand barrels of condensates on daily basis, and is seeking to raise its output capacity to 20 million metric tons per year. It also has 200 thousand barrels of annual storage capacity for condensate.

Natural Gas Plant (NGP)
NGP is a joint venture between QP and Mobil QM Gas Inc. (an affiliate of Exxon Mobil). The plant is designed to produce about 80 thousand tons of high quality petroleum products per day, and about 4.7 million tons of natural gas from the north gas field annually.

Cement Industry
Qatar National Cement Company (QNCC) was established in 1965 and is shared by QP (43%) and the private sector (57%). Starting with 100 thousand tons and the annual output capacity of the company has reached at present one million tons of cement.
In 2005, production reached 1182 thousand tons of both cement varieties (ordinary and salt resistant) and 24.4 thousand tons of unslaked lime.

Gulf Formaldehyde Company
Gulf Formaldehyde Company was establishhed by QAFCO, Qatar Industrial Manufacturing Company, the United Development Company and Ladies Investment Company with a capital of QR40 million.The factory of this company was opened in 2004. Its objective is to produce 82 tons of urea maldehyde on daily basis.

Qatar Nitrogen Company (QNC)
Established and commissioned for commercial production in 1999, QNC is equally shared by QP and Qatar Industrial Manufacturing Company to produce nitrogen gas and nitrogen liquid from two production trains in Mesaieed.

Manufacturing Industries
Established in 1990 with a capital of QR200 million, Qatar Industrial Manufacturing Company (QIMCO) aims to set up ventures in various fields of industrial production at home and in the GCC countries, develop its marketing and commercial capabilities and help subsidiary companies to secure reasonable share of the market. In 1999, the company's direct investment reached QR320 million in more than 13 industrial projects. QR143 million of this capital is paid by the company while the balance is covered by finacial facilities from commercial banks.