History of Qatar and Petroleum

I will give you a brief history timeline to start to understand how Qatar came about.

High quality oil was discovered in 1940, but exploitation was delayed until 1949 due to World War II. During the 1950's and 60's, money started pouring into the area because of this oil that was discovered. This led to lots of prosperity, immigration, social progress and the beginning of Qatar modern history.
On September 3, 1971 Qatar became a fully independent state.
A new Democratic Constitution was adopted by the public in April of 2003.

Geography and the land had a big impact to the development of the country since its location opened up opportunities for massive amounts of money from around the world to pour in. This money made Qatar's growth into its own separate state a possibility.




http://www.bloomberg.com/news/2012-09-19/qatar-petroleum-plans-up-to-13-billion-in-finance-in-2014-1-.html

This article shows that Qatar is only moving forward with their oil industry.Qatar petroleum is financing around $10 billion in projects this year alone, while also planning on putting in a total of $25 billion over the next five years. These investments will keep the Qatar economy growing for the foreseeable future, fueling the already solid growth of the country.









For starters, I'm sure a considerable amount of my readers would struggle to locate Qatar on a world map. Nothing to be ashamed of, it is very small and not too commonly known. It is located in the Persian Gulf, off the coast of Saudi Arabia as shown on the map. Not only does this map show you where Qatar is, it also shows you how small the country really is in comparison to those around it.
Don't let the size fool you however. Qatar was the world's fourth largest dry natural gas producer in 2012 (behind the United States, Russia, and Iran), and has been the world's leading liquefied natural gas (LNG) exporter since 2006.