Tight oil and gas markets mean that Qatar’s economy is enjoying the return of boom times. Export revenues soared by $6.09bn to an eight-year high $34.58bn for Q2 2022, driven firmly by the emirate’s oil and gas sector. A massive $30bn (87% of the total) was due to hydrocarbon exports, nearly double the figure from the same period last year.

Oil and gas revenues over the first half of the year totalled $54.3bn – over 85% of total export revenues of $63.1bn – and ought to overtake 2021 full-year figures of $73.56bn during the current quarter. For 2022 as a whole a figure close to 2014’s $113bn hydrocarbon exports is on the cards. (CONTINUED - 780 WORDS)