Qatar Economic Horizons

Qatar Economic HorizonsQatar Economic Horizons

FutureFuture

PastPast

PresentPresent

1

Qatar Macroeconomic EnvironmentQatar Macroeconomic EnvironmentGDP by Economic Activity

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005

Mil

lio

n Q

R

Other Services

Finance, Insurance, and Real Estate

Transport and Communications

Trade, Restaurants, and Hotels

Building and Construction

Electricity and Water

Manufacturing

Agriculture and fisheries

Oil and Gas Sector

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005

Oil and Gas Sector (MQR) 10,933 12,773 17,386 13,005 20,644 39,055 36,812 40,717 50,551 64,365 82776

Non Oil and Gas Sector (MQR) 18,689 20,203 23,737 24,325 24,467 25,581 27,767 31,016 35,367 39,198 43924

Manufacturing 2,488 2,499 3,417 2,938 2,869 3,515 3,909 5,075 6,553 7,922 6784

Total GDP (MQR) 29,622 32,895 41,124 37,330 45,111 64,636 64,579 71,733 85,929 103,563 126,700

% Change --- 11.1% 24.7% -10.0% 12.1% 43.4% -0.1% 11.1% 19.8% 20.5% 20.8%

Total GDP (US$) 8,138 9,059 11,298 10,255 12,393 17,760 17,741 19,707 23,603 28,451 34,371

GDP Per Capita (US$) 16,608 17,659 21,609 18,990 22,587 27,968 26,480 27,953 31,987 38,447 43,397

Qatar Macroeconomic Summary

2

Crude Oil PricesCrude Oil Prices

0

10

20

30

40

50

60

70

1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004

Bre

nt

Cru

de

Oil

(U

S$

/ B

BL

)

3

Qatar LNG Expansion PlansQatar LNG Expansion Plans

0

10

20

30

40

50

60

70

80

1997 2000 2004 2005 2010 2012

QG4

QG3

RLIII

QG2

RLII

RL

QG

4

Qatar GDP Per CapitaQatar GDP Per Capita

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

US

$

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005

GDP per capita is amongst the highest in the world

($32k in 2003, $38k in 2004, and $43k in 2005)

5

Qatar GDP CompositionQatar GDP Composition

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2000 2001 2002 2003 2004 2005

Mil

lio

n Q

R

Other Services

Finance, Insurance, and Real Estate

Transport and Communications

Trade, Restaurants, and Hotels

Building and Construction

Electricity and Water

Manufacturing

Agriculture and fisheries

Oil and Gas Sector

• Oil and gas is major contributor – 60% of total

• Manufacturing – 7% of total

• Oil and gas dominates Qatar’s economic structures

6

Qatar Export CompositionQatar Export Composition

0

10000

20000

30000

40000

50000

60000

70000

2001 2002 2003 2004

Mill

ion

QR

Mineral Fuels, Oils, etc. Organic ChemicalsPlastics FertilizersIron and Steel Inorganic ChemicalsArticles of Iron and Steel Vehicles other than RailwayClothing Salt, Sulphur, Earths, and StoneOthers

7

Initial Qatar Advantage Initial Qatar Advantage

World-Class Resource

Political Stability

Commitment to LNG

8 a

Qatar Advantage in the Late 90sQatar Advantage in the Late 90s

World-Class Resource

Strong Financial Condition

World-Class LNG Port

Political Stability

Strong Sponsors and Management

Commitment to LNG

8 b

Present Qatar Advantage Present Qatar Advantage

World-Class Resource

Reliability

Strong Financial Condition

World-Class Infrastructure

Political StabilityCompetitiveness

Strong Sponsors and Management

Flexibility Commitment to LNG

8 c

Pure EnergyPure Energy From Qatar to the WorldFrom Qatar to the World

North AmericaNorth America

EuropeEurope

IndiaIndia

KoreaKorea

JapanJapanTaiwanTaiwan

9

Oil and Gas Value Chain Oil and Gas Value Chain

Ethane Propane Butane Pentane C6 to C9 C10 to C13 C14 to C20

Naphtha Naphtha Kerosene Diesel

Reformate LAB Benzene

Aromatics Gasoline

PVC PP MEG HDPE/LDPE Benzene Toluene Xylene

Styrene Gasoline PTA

MEG

Rubber Polyester

Existing Planned Future Textiles

LPG

Naphtha/Ethane/NGL

Cracker

Ethylene + Propylene

LPG Naphtha Naphtha Kerosene Diesel

Possible

10