In the name of GOD The Most Gracious, The Most Merciful

1 2 His Highness Sheikh Hamad Bin Khalifa Al-Thani The Emir of the State of Qatar

3 4 His Highness Sheikh Tamim Bin Hamad Al-Thani The Heir Apparent

5 Annual Report

ContentsContents

Qatar Petroleum 8

Board of Directors 10

Message from the Chairman 12

2011 Highlights 14

Key Consolidated Financial Information 16

17 Administration Human Resources Services Corporate Training Services Medical Services General Services Qatarization

HSE Regulations & Enforcement Directorate 19

Information and Communication Technology 20

Technical Directorate 22

Crude Oil and Natural Gas 24 Dukhan Operations Offshore Operations EPSA/DPSA North Field Al-Khaleej Gas Project (AKG) Barzan Gas Project Drilling Department Halul Island

LNG 34 Qatargas RasGas

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ContentsContents

Pipelines 38 Dolphin Project

NGL and Local Gas 39 QP Gas Operations

Refining 41 QP Refinery Laffan Refinery Oryx GTL Pearl GTL

45 Petrochemical Industries Qatar Fertiliser Company Qatar Melamine Company Qatar Petrochemical Company Ltd. Qatar Fuel Additives Company Qatar Vinyl Company Qatar Chemical Company Qatar Chemical Company II Ltd. Ras Laffan Olefins Company Qatofin Company Limited Seef Limited

Industrial Cities 53 Mesaieed Industrial City Ras Laffan Industrial City

59 Other Industries and Supporting Services Gulf Helicopters Company Qatar Steel Company (QSC) Qatar Plastic Products Company (QPPC) Qatar Aluminium (Qatalum) Qatar Petroleum International (QPI) Gulf Drilling International (GDI)

Financial Statements 67

7 Annual Report Qatar Petroleum

CommittedCommitted toto ExcellenceExcellence

atar Petroleum (QP), formerly Qatar General QP’s strategy of conducting hydrocarbon Petroleum Corporation, is a state-owned exploration and development are through publicQ corporation established by Emiri Decree Exploration and Production Sharing Agreements No 10 in 1974. It is responsible for all phases of (EPSA) and Development and Production Sharing the oil and gas industry in Qatar. The principal Agreements (DPSA) concluded with major activities of Qatar Petroleum, its subsidiaries and international oil and gas companies. joint ventures are the exploration, production and sale of crude oil, natural gas and gas The operations and activities of Qatar Petroleum liquids and refined products, production and are conducted at various onshore locations, sale of petrochemicals, fuel additives, fertilisers, including Doha, Dukhan and the Mesaieed and liquefied natural gas (LNG), steel, aluminium, Ras Laffan Industrial Cities, as well as offshore chartering of helicopters, underwriting insurance areas, including Halul Island, offshore production and other services. The principal place of stations, drilling platforms and the North Field. business of QP is the State of Qatar. The following are QP’s subsidiaries, joint ventures and other investments: A. Subsidiaries Country of Effective Percentage Registration Holding in 2011 Al Shaheen Holding Q.S.C. Qatar 100.0% Amwaj Catering Services Company Limited Qatar 100.0% Gulf International Services Q.S.C. Qatar 30.0% Industries Qatar Q.S.C. Qatar 70.0% Qatar Holding Intermediate Industries Company Limited Qatar 100.0% Qatar Petroleum International Limited Qatar 100.0% Qatar Petroleum Qatar Gas (3) Limited Qatar 100.0% Qatar Petroleum Qatar Gas (4) Company Limited Qatar 100.0% Qatar Petroleum RasGas (3) Limited Qatar 100.0%

B. Joint Ventures Astad Engineering Consulting and Project Management Q.S.C. Qatar 50.0% (Previously Qatar Engineering Consultancy Company Limited) Barzan Gas Company Limited Qatar 93.0% Gasal Q.S.C. Qatar 30.5% Laffan Refinery Company Limited Qatar 51.0% Oryx GTL Limited Qatar 51.0% Qatar Aluminium Company Limited Qatar 50.0% Qatar Chemical Company Ltd. Q.S.C. Qatar 51.0% Qatar Chemical Company Limited (II) Qatar 51.0% Qatar Gas Operating Company Limited Qatar 70.0% Qatar Liquefied Gas Company Limited (II) Q.S.C. Qatar 67.5% Qatar Liquefied Gas Company Limited Q.S.C. Qatar 65.0% Qatar Vinyl Company Limited Q.S.C. Qatar 73.0% Qatargas Upstream Joint Venture (Unincorporated) Qatar 65.0% Qatex Limited Qatar 51.0% Qatofin Company Limited Q.S.C. Qatar 35.6% Ras Laffan Liquefied Natural Gas Company Limited Qatar 63.0% Ras Laffan Liquefied Natural Gas Company Limited (II) Qatar 67.1% Ras Laffan Olefins Company Limited Q.S.C. Qatar 44.5% RasGas Company Limited Qatar 70.0%

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C. Joint Ventures and Subsidiaries of QP Subsidiaries Country of Effective Percentage Registration Holding in 2011 Subsidiaries of QP Subsidiaries Al Koot Insurance and Reinsurance Company SAQ Qatar 30.0% Al Shaheen Energy Services Limited UK 100.0% Al Shaheen Energy Services L.L.C. USA 100.0% Gulf Helicopters Company Q.S.C. Qatar 30.0% Qatar Steel Company Limited Qatar 70.0% Qatar Petroleum LNG Services (QG II) Limited Qatar 100.0% Qatar Petroleum Gas Trading (QG II) Limited Qatar 100.0% Qatar Terminal Company Limited Qatar 100.0% Joint Ventures of QP Subsidiaries Al Shaheen GE Services Company Qatar 50.0% Al Shaheen Weatherford Q.S.C. (formerly Al Shaheen Well Services) Qatar 50.0% Gulf Drilling International Limited Qatar 21.0% Qatar Fertiliser Company SAQ Limited Qatar 52.5% Qatar Fuel Additives Company Limited Qatar 35.0% Qatar Liquefied Gas Company Limited (3) Qatar 68.5% Qatar Liquefied Gas Company Limited (4) Qatar 70.0% Qatar Petrochemical Company Limited Qatar 56.0% Ras Laffan Liquefied Natural Gas Company Limited (3) Qatar 70.0% Seef Limited Qatar 80.0% D. Other Investments Arab Maritime Petroleum Transport company Kuwait 14.8% Arab Petroleum Investment Corporation Saudi Arabia 10.0% Arab Petroleum Pipelines Company Egypt 5.0% Arab Petroleum Services Company Libya 10.0% Arab Shipbuilding and Repair Yard Company Bahrain 18.8% Gulf United Steel Holding Company – Bahrain Bahrain 17.5% Messaied Power Company – Qatar Qatar 20.0% Nakilat Agency Company – Qatar Qatar 5.0% Qatar Navigation QSC (Milaha) – Qatar Qatar 9.4% Qatar Electricity & Water Company Qatar 11.4% Qatar Fuel QSC (Woqod) - Qatar Qatar 40.0% Qatar Gas Transportation Company Ltd. (Nakilat) - Qatar Qatar 10.0% Qatar Metals Coating Company – Qatar Qatar 35.0% QPI & Shell Petrochemicals (Singapore) PTE Limited (“QSPS”) Singapore 49.0% Ras Girtas Power Company – Qatar Qatar 15.0% Ras Laffan Power Company - Qatar Qatar 10.0% South Steel Company - Saudi Arabia Saudi Arabia 20.8% Sphere Minerals Limited – Australia Australia 5.4% Taoudenni Blocks Mauritania Mauritania 20.0% United Helicharters Private Limited – India India 10.8% Others * * These represent various investments mainly in the Qatar Exchange and the effective QP interest is less than 5%.

9 Annual Report QP Board of Directors

Chairman and Managing Director

HE Dr. Mohammed bin Saleh Al-Sada Minister of Energy and Industry

Deputy Chairman Member

Hamad Rashid Al-Mohannadi Fahad Hamad Al-Mohannadi Managing Director General Manager RasGas Qatar Electricity & Water Company (QEWC)

1100 Annual Report

Member Member

Nasser Khalil Al-Jaidah Saad Sherida Al-Kaabi CEO Director, Oil & Gas Ventures Qatar Petroleum International (QPI) Qatar Petroleum

Member Member

Khalifa Abdulla Al-Sowaidi Essa Hilal Al-Kuwari Managing Director President Qatar Fertiliser Company (QAFCO) Qatar General Electricity & Water Corporation (Kahramaa)

1111 Annual Report

MessageMessage fromfrom thethe ChairmanChairman

atar continued in 2011 to chart its path of enviable economic growth, unaffected by post 2008 financial crisis and the weaknesses in major developed economies This isQ reflected in Qatar’s major infrastructure and industrial development plans as envisioned by His Highness Sheikh Hamad Bin Khalifa Al-Thani, The Emir, which includes construction of mega projects in the transportation sector, development of new airport and seaport, rapid expansion of health and education sectors, besides plans for construction of new facilities for the FIFA World Cup in 2022.

These planned developments require additional power and desalinated water supplies. Hence it has substantially increased the projected demand for energy in the State over the next decade.

In line with its responsibility toward the national economy and to meet its customers’ needs and contractual obligations, Qatar Petroleum has responded by developing robust plans commensurate with these economic and political challenges to ensure the availability of clean fuel and hydrocarbon products required by the various economic sectors in the State of Qatar.

To meet the country’s future needs for the clean fuel for its power and water sectors and to provide feedstock to the local petrochemical and refining industries, Qatar Petroleum has commenced the construction of the strategic multi-faceted Barzan gas project. This project, which is expected to be fully operational by 2014, is an essential building block for Qatar›s future and will bring extensive benefits to many local industries.

In line with the development strategy of Qatar Petroleum, Ras Girtas Power Company inaugurated Qatar’s largest power plant at Ras Laffan Industrial City. This plant has a design capacity of 2730 MW of electric power and 63 million gallons of desalinated water daily. With this capacity addition, Qatar’s power and drinking water capacities have risen to 9000 MW and 325 million gallons a day respectively.

Another development that symbolizes the commitment and ability of Qatar Petroleum to live up to its responsibility towards national development is the plan to increase the production of refined products through constructing the second Laffan condensate refinery. The refinery will meet the projected demand for various petroleum products required to sustain the high growth rate of the Qatar’s economy. The second Laffan condensate refinery is at the engineering stage and is expected to be commissioned by 2016.

Qatar’s position as the world’s largest LNG produces was reinforced with the start-up of the Qatargas seventh and final mega train, which has a production capacity of 7.8 million

1122 Annual Report

tons per annum. Being a main player LNG producer, we are attentive to our customers’ needs by maintaining supply and responding to any unforeseen demand from current or prospective customers.

The industrial sector in Qatar celebrated another major milestone in 2011 with the inauguration of world’s largest gas-to-liquids (GTL) plant, Pearl GTL, at Ras Laffan Industrial City. A joint venture of Qatar Petroleum and Shell, Pearl GTL represents the world’s first realization of GTL technology applied on a world-scale basis with the capacity to produce 140,000 barrels per day of GTL products.

The industrial diversification of the Qatar economy is further underpinned by the inauguration of another addition to the petrochemical industry with the completion of the QAFCO-5 project, which is the world’s largest single-site producer of ammonia and urea.

Besides being recognized as one of the leading oil and gas companies in the world, Qatar Petroleum has proved its versatility by organizing world scale events. During 2011, Qatar Petroleum organized the 20th world petroleum congress, a major industry event held for the first time ever in the Middle East region. The five-day event was attended by a record number of participants, consisting of top government officials, the senior management of oil and gas companies and industry professionals from all over the world.

Similarly, Qatar Petroleum organized the first summit of the Gas Exporting Countries Forum (GECF), an international organization whose members account for up to 70% of the world’s proven gas reserves.

Through this journey of success and achievements, Qatar Petroleum has never compromised the environment, safety and health of our society. Continuous and close monitoring and control of emissions and pollution was one of the key factors of our success as a major contributor to our economic and social development.

Achieving those goals would have never been possible without the continuous and faithful efforts of our employees, partners and contractors, who are working hard to make Qatar Petroleum a responsible and truly international player in the oil and gas Industry.

Surely there are upcoming challenges, but we are quite confident and optimistic about the bright future of Qatar Petroleum as a key national organization that will continue to work for the prosperity of our nation

Dr. Mohammed bin Saleh Al-Sada Minister of Energy and Industry Qatar Petroleum Chairman & Managing Director

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20112011 HighlightsHighlights

• 6th January • 7th April Qatar Petroleum and ExxonMobil signed His Excellency Sheikh Hamad bin Jassim bin a Joint Venture Agreement (JVA) and a Jabor al Thani, Prime Minister of the State of Development and Fiscal Agreement (DFA) for Qatar, inaugurated the Golden Pass LNG the Barzan Gas Project, which will supply about Terminal, which is a joint venture between 1.4 billion cubic feet of gas per day, mainly to Qatar Petroleum and ExxonMobil and power utilities and industrial plants. ConocoPhillips and allows Qatar a steady access to the American gas market. • 18th January His Highness Sheikh Hamad bin Khalifa • 8th May Al-Thani, Emir of the State of Qatar, Qatar Petroleum signed an Exploration and appointed His Excellency Dr. Mohammed Production Sharing Agreement (EPSA) for bin Saleh Al-Sada as the new Minister of Offshore Block-A (pre-Khuff) with JX Nippon Oil Energy and Industry, replacing His Excellency & Gas Exploration (Qatar) Ltd (NOEX) of Japan, Abdullah bin Hamad Al-Attiyah, who was as the contractor and operator. Block-A named Deputy Premier and Chairman of the covers an area of 6,173 sq km and is located Emiri Diwan. northeast of Ras Laffan Industrial City.

• 8th February • 29th May Qatargas became the world’s largest LNG Qatar Petroleum signed an agreement with producer with the start-up in Ras Laffan of its CNOOC Middle East and Total, under which seventh and final train, which has a production Total acquired a 25% interest in Qatar’s Block capacity of 7.8 million tons per annum. Train BC (pre-Khuff) exploration license. CNOOC 7 forms part of Qatargas 4, which is jointly Middle East (Qatar) Ltd. will continue to be the owned by Qatar Petroleum (70%) and Shell operator of the block with a 75% interest. (30%).

1144 Annual Report

20112011 HighlightsHighlights

• 31st May • 15th November His Highness Sheikh Hamad bin Khalifa His Highness Sheikh Hamad bin Khalifa Al-Thani, Al-Thani, Emir of the State of Qatar, Emir of the State of Qatar, opened the First Gas inaugurated the QR14- billion plant of Ras Summit of the Gas Exporting Countries Forum Girtas Power Company at Ras Laffan Industrial (GECF), an international organization whose City. The plant has a design capacity of members account for up to 70% of the world’s 2730 MW of electric power and 63 MIGD of proven gas reserves. potable water. • 22nd November • 10th October His Highness Sheikh Hamad bin Khalifa Al-Thani, His Highness Sheikh Tamim bin Hamad Al-Thani, Emir of the State of Qatar, inaugurated the Heir Apparent of the State of Qatar, laid the Pearl GTL in Ras Laffan Industrial City. A joint foundation stone for the New Doha Port at venture of Qatar Petroleum and Shell, Pearl Mesaieed Industrial City. The first phase of the GTL will have the capacity to produce 140,000 project is scheduled to be completed in 2016. barrels per day of gas-to-liquids products when it becomes fully operational in 2012. • 1st November His Highness Sheikh Tamim bin Hamad Al-Thani, • 20th December Heir Apparent of the State of Qatar, presided His Highness Sheikh Tamim bin Hamad over the foundation stone laying ceremony Al-Thani, Heir Apparent of the State of Qatar, for the Barzan Gas Project, a joint venture inaugurated the Qafco-5 project, which between Qatar Petroleum and ExxonMobil further boosted Qatar’s position as the world’s which is expected to produce its first gas by largest single-site producer of ammonia and 2014. urea.

5 December His Highness Sheikh Hamad bin Khalifa Al-Thani, Emir of the State of Qatar, delivered the inaugural address at the 20th World Petroleum Congress (WPC), a major industry event hosted by Qatar Petroleum and held for the first time ever in the Middle East region. The five-day event was attended by a record number of participants, consisting of top government officials, the senior management of oil & gas companies, and industry professionals from all over the 1155 world. Annual Report

KeyKey ConsolidatedConsolidated FinancialFinancial InformationInformation

289,179

168,488 188,015 117,430 118,141

117,348 5555,800 5454,567 88,862

46,328 40,864 58,517 35,049 35,207 58,560

32,854 282,308 47,7,037 2466,034 367,551 36,791 35,350 308,897

24,455 188,336

Sales Revenue 28989,179 188,015 118,141 168,488 117,430 Net Income 88,8662 54,567 35,207 55,800 35,049 Net Cash Flow from Operations 117,348 58,517 40,864 58,560 46,328 Capital Expenditures 32,854 24,2 455 35,350 36,791 47,037 Total assets 367,551 3088,897 282,308 246,034 188,336

1166 Annual Administration Report

he Administration Directorate strives to provide system was enhanced by directing the supply quality service to support QP’s operations in of Qatari nationals to match the demand. Tthe areas of: Human Resources, Qatarization, Impetus to manpower resourcing was provided Corporate Training, Medical Services, and by exploring new markets in Eastern Europe, General Services. The directorate’s customers faster interviewing using video conferencing, include QP employees and departments; pre-employment verification checks, and a QP-affiliated companies; and community more stringent review of agencies’ performance. residents in remote locations. Using the technology lever, a number of HR processes were made available online, including Human Resources Department travel management, SAP time-based alerts, The Human Resources Department continued passages payment, health card payment, family to place a high priority on valuing the passages verification, and final settlement. The organization’s people and providing them with Electronic Document Management System a performance-driven culture excel. A new QP (EDMS) and Enterprise Content Management Award System was introduced, which provides (ECM) software were also implemented. three levels of award to recognize excellent performance. Qatari nationals accounted for 21% of permanent positions in the workforce by the The medium- to long-term manpower planning end of 2011. The “Enhanced Approach to the Development of Nationals” is a critical, ongoing project involving a review of all aspects of the development of Qatari nationals, right from secondary school to sponsored higher education and through to development and Qatarization.

Corporate Training Department The Corporate Training Department continued meeting the organization’s professional training needs through short technical and management courses in Doha and overseas. More than 60% of these courses were held in Qatar. To support QP’s Qatarization objectives, the development of Qatari nationals is being accorded high priority, as part of which a developee attends an average of more than four courses a year as compared to only one course on average per employee.

The department enrolled 373 new university and academic study students and continued with its long-term vocational programs to prepare high school graduates to meet the entry requirements of skilled national workforce into the energy and industry sector. While 291 new trainees were enrolled in vocational programs, 524 trainees under the Technician Preparation Program (TPP) took up customized Technical and Further Education (TAFE) certification programs at various ‘offsite’ and ‘workplace learning’ phases of the program cycle.

Additionally, employee English training was adjusted in response to departmental requests

1177 Annual Report

for greater flexibility and the alignment between cancer, kidney disease, HIV and tuberculosis. English competency and operational roles. Enhanced social responsibility through projects and promotions was also undertaken, in The department continued to focus on particular the Disposal of Unwanted Medicines developing its e-learning platform as well as Project (DUMP) which was successfully initiated its alliance with ictQATAR. More than 4,500 in Dukhan to safely dispose of unwanted candidates took the ‘Permit to Work’ session medication within the community. electronically, while 2,589 courses were completed via the ictQATAR portal. General Services Department The General Services Department is mandated Medical Services Department to manage and control the delivery of general The Medical Services Department continued services to all areas under QP in Doha. These to provide primary care, occupational health, include housing and facilities (office) services and support medical services for over 185,000 and maintenance, transport services, recreation beneficiaries served by QP’s healthcare clinics services, and the retention of non-technical in Doha, Ras Laffan, Mesaieed, Dukhan and records for all locations. offshore. Keeping in view the needs of patients, the provision of an additional Nakilat Clinic in In 2011, a large number of offices had to be Ras Laffan and services such as the debit/credit moved within Doha due to the expansion/re- card payment facility for customers at the point organization of many directorates/departments, of sale were introduced. and the demand for additional offices was also met. The department has established preventive measures for the following: chronic disease The Client Visit Program is one of the management - diabetes, asthma, hypertension, department’s proactive initiatives, which was and dyslipidemia; employee fitness programs successfully implemented from April 2011 to - pre-employment, offshore and medical October 2011. Visits were conducted to all QP surveillance; and Wellness Clinics - Well Baby, departments in Doha and their feedback was Well Woman and Well Man. The department’s documented. goal to ensure that all healthcare professionals are competent to practice to the highest clinical Energy & Industry Sector Qatarization Unit standards was successfully achieved through The Qatarization Unit of the energy and industry licensing and training. sector provided counsel, advice and direction to the sector companies, and to a number of The department actively participated in national organizations outside of the sector, regarding and international health events, and it also strategic matters related to Qatarization. introduced employee health promotion and Formal meetings with respective companies awareness programs, including those on heat covered relevant topics to review their strategic stress prevention, noise-induced hearing loss, Qatarization plans, strategic manpower issues, training strategy, company Qatarization websites, and corporate social responsibility (CSR) initiatives in line with the Qatar National Vision 2030 and the current National Development Strategy.

The unit continued building relationships with its partners, namely educational institutions and government ministries, to further improve Qatarization in the sector.

In May 2011, the Annual Qatarization Review Meeting, chaired by His Excellency the Minister of Energy & Industry, was held, during which which an overview of Qatarization in the sector was presented.

1188 Annual HSE Regulations & Enforcement Report Directorate (DG)

he HSE Regulations & Enforcement Directorate • Inspected 47 health centres within the (DG) was established to independently concession areas for licensing protocols in Tanalyze Occupational Health, Safety, order to assure compliance with the legal/ Environment & Sustainable Development regulations requirements. (OHSESD) activities while controlling risks via robust regulations and supervision of the Sustainable development and engagement petroleum sector. activities were focused on the following: • Conducted workshops related to HSE and Regulatory and legal activities were sustainable development and published the Sustainable Development Industry (SDI) Report focused on the following: 2010 in this regard (see www.hse-reg-dg.com); • Regulated the petroleum sector via the issuance of a legal register which guided all • Launched the SDI petroleum operators as to their legal duties in reporting system/ the State of Qatar; framework which allowed petroleum • Developed an “HSE Legal Framework for the operators to report Oil & Gas Sector,” which was then released about their safety, to stakeholders following the approval of His occupational Excellency the Minister of Energy and Industry; health, environment • Conducted a review and analysis of and sustainable protocols, treaties, and conventions based on development current status information and criteria; performance;

• Drafted a proposed law on petroleum • Carried out strong facilities, including a memorandum of engagement with understanding (MoU) with Qatar University on our fellow national research and development on the peaceful bodies (Ministry use of nuclear energy. of Environment, Ministry of Labour, and the Supreme Council Safety and health activities were focused of Health) and other government sectors to ensure total alignment by petroleum operators on the following: and compliance with the applicable national • Implemented robust OHSE supervision of the legislation; petroleum sector, including 91 supervision visits, which led to a strong and enhanced • Encouraged the implementation of Clean OHSE performance by the sector; Development Mechanism (CDM) projects in line with the United Nations Framework • Prepared an OHSE risk and gap analysis Convention on Climate Change (UNFCCC). report related to operators, developed safety framework for regulating OHSE risks The directorate has, therefore, executed its on the oil and gas sector, emphasizing mandate of monitoring and controlling HSE risks the management of major hazards as the within the petroleum sector and will strive to cornerstone, and risk-based supervision plans; make continuous improvements.

1199 Annual Report Information and Communication Technology (ICT)

P effectively utilizes its information and change management process to respond communication technology system and to the changing business requirements while Qservices through the corporation’s business maximizing value and reducing disruption and value chains in the exploration, production, re-work. Policies, processes, forms, and Change transport, refining and marketing stages. The ICT Assessment Panels (CAPs) were formed to Department’s mission is to enable QP’s vision by support this function to ensure that ICT changes capitalizing on ICT capabilities and resources to are recorded, assessed, authorized, prioritized, maximize business benefits and address future planned, tested, implemented and documented opportunities and challenges. and reviewed in a controlled manner.

The ICT Department has developed a strategy In addition and as part of the latest ICT for the next five years based on QP’s mission, reorganization, the merger of Doha/Offshore vision and business objectives. It aims to Telecom under the ICT Infrastructure department maximize ICT benefits to business, to minimize was successful and will serve as the basis related risks and to quickly respond to business for all future telecom areas mergers under requirements and challenges. the ICT Department. The first output was the development and implementation of To better achieve its strategy and objectives, the automated Qtel billing systems. ICT Department in the past year has developed an ICT governance roadmap by mapping ICT The ICT Department averaged 99.99999% in processes, Key Performance Indicators (KPIs) network accessibility and availability, 99.7% and controls based on the business-oriented ICT in datacenter connectivity, 98% in users’ strategy and industry best practices. satisfaction, and 98% in meeting users’ needs with more than 80,000 requests and incidents In addition, Project Management Office (PMO) received per year over the five major locations methodology framework, methodology and and buildings within the agreed Service Level processes have been developed to standardize Agreements (SLAs). project management practices to unify ICT project execution across ICT, thus maximizing The ICT Department’s activities can be the benefits of ICT deliverables. Moreover, categorised into two broad areas: business the department implemented a service projects and technology initiatives.

2200 Annual Report

Business Projects • e-Ras Laffan Program A program was initiated to provide a central point of information and access for QP users, external business partners and the general public. In addition, it provides a number of e-Services to Ras Laffan Industrial City (RLC) and the various companies that do business with RLC. More than 80+ companies have already been registered in the related portal and are/will be using various applications, including the mission critical Permit to Work System.

• Petrel Technology Upgrade A significant technology upgrade has been successfully deployed in QP’s Oil & Gas Ventures Department, thus allowing users to achieve major performance improvements and giving them the ability to handle large models with the reduced processing time of from two hours to just minutes. This is imperative for Petrel users to perform their • Internet for All jobs efficiently. The ICT Department made the Internet available for all QP staff, regardless of • Implementation of DT Project Completion grades or levels, in order to enhance staff Gate productivity and improve work practices. With the implementation of the final gate for the SAP Project Systems module, the • Optical Network Backbone Upgrade full end-to-end life cycle approval for all In 2011, the optical network backbone engineering projects, from concept to was upgraded from 2.5 Gbps to 10 Gbps. commissioning, is now automated through This will enable QP to have complex data the system which results in productivity and centers set up between regions as well efficiency improvement. as be ready for the huge bandwidth demands of CCTV systems. It will also allow • Corporate HSE KPI Dashboard for the easier implementation of future A corporate dashboard was implemented sophisticated applications. to visually illustrate Incident Management Performance to enable the Corporate HSE • Window 7 Deployment Department to monitor HSE performance The ICT Department started a and instigate continuous improvement company-wide rollout of Windows 7 as across the corporation. a replacement for the current standard, Windows XP. The project went into a Technology Initiatives complicated and long evaluation process • Pushmail in order to ensure that Windows 7 is Like BlackBerry, PushMail is a service that fully compatible with QP’s hundreds of provides access to QP email, calendar, and applications. contacts through the Internet but without the major costs associated with BlackBerry. In conclusion, with a solid, industry-standard In addition, the ICT Department deployed technology platform and strategic, business- wireless access to Pushmail across the aligned IT-enabled solutions, the ICT Department entire regions covering Doha, Mesaieed, is fully capable of meeting QP’s rapidly Ras Laffan and Dukhan. A total of 364 increasing information and communication access points have been installed. technology needs.

2211 Annual Report Technical Directorate

P’s Technical Directorate has been at Recovery Unit with the installation of a new Acid the forefront of project activities in Qatar, Gas Enrichment Unit (AGEU), Tail Gas Treatment Qmanaging and implementing capital projects for Unit (TGTU) and associated utilities to achieve QP’s core business, major infrastructure projects sulphur recovery of 99.5%. for joint venture developments, and infrastructure projects for the State of Qatar. The directorate Acid Gas Recovery Project (AGRP) at Dukhan: continued to pursue its mission to provide Acid Gas Recovery Project will treat 450 innovative solutions that consistently surpass MMSCFD of Khuff gas to achieve an H2S customer expectations, with special adherence content of 4ppm and supply sweet fuel gas to to safety, environment, health, quality, synergy downstream industrial consumers. It includes and human capital development. The main two 14.5-km 30-inch pipelines, a methyldieth- objective remains to be the successful execution anolamine (MDEA) Sweetening Unit, a triethylene of all capital projects in accordance with their glycol (TEG)-based Dehydration Unit, an Acid scope, schedule and agreed budget. Gas Compression Unit, and associated utilities and off-site facilities at the Arab-D plant in Over the last 20 years, there has been a gradual Dukhan. change and growth in the value, type, numbers and complexity of projects managed by the Ras Laffan Port Expansion Project: Significant directorate as well as a significant increase in expansion of the existing Ras Laffan Port to the number of its customers. enable it to handle 77 million tons per annum of LNG and other liquid products. Key strategic projects managed and implemented by the Technical Directorate during Ras Laffan Common Cooling Water Project the year 2011 are listed below: Phase-II: Construction of a Centralized Common Cooling Oil & Gas related Infrastructure Mega Water System for key consumers within Ras Projects Laffan Industrial City. In Phase II, Category-1 Sulfur Recovery Upgrade (SRU) Project at and 2 have been commissioned; Phase III is in Mesaieed: Upgrading the existing Sulphur progress

2222 Annual Report

• High voltage network upgrade at Dukhan • Glycol regeneration units at Dukhan • Strategic Gas Transmission Pipeline (SGTP twin 36” pipeline) • 18” multi-product pipeline from the QP Refinery to the Doha depot (Abu-Hamour) for multi-product transfer system • Drainage system upgrade - QP Ref. Mesaieed • Replacement and construction of new service berths at Ras Laffan • West side roads, Khalifa Street Phase II and security gate - West side support service development at Ras Laffan • New south side roads and grading of corridors - Road network on south side of Khalifa Street at Ras Laffan • Replacement and construction of new service berths

Upgrading of Crude Oil Import / Export Facilities and Beach Landing Valves at Halul: Completed the replacement of existing crude oil loading pumps to increase the reliability of at a ceremony held in Amsterdam, Netherlands. the existing crude oil handling facilities and The corporation was recognized for the upgraded the system for enhanced operational “Creation of Intelligent As-built Models of flexibility. Offshore Facilities Using a Combination of Terrestrial Laser Scanning and Verified Existing Halul Power Supply through Submarine Cables Engineering Drawings.” 2x 3C;. 132kV, 100km sub-sea power cables Future QP Plans and investments in the rated for 100 MW to Halul Island from Ras Laffan Petroleum and Infrastructures Sector National Security Shield: Sensor Tower Platform • Strategic Storage Tanks for State of Qatar and Forward Mounted Base Platform for 2030-2015 The NSS system will provide a system for QP intends to establish petroleum product observation, detection, decision making and storage facilities in the State of Qatar in intervention action to enhance the security of two phases to meet the demand during all vital offshore assets by installing eight new certain disruptions in the normal supply of Sensor Tower Platforms (STPs) and seven Forward petroleum products. Mounted Base Platforms (FMBs). • Qatar Petroleum District Significant Achievements in 2011 This is QP’s iconic project that will house the Improved Tendering Process for Feasibility and business hub and central headquarters of Concept Optimization the corporation in West Bay. The use of the Umbrella Consultancy Contracts has improved the efficiency of the tendering • Grading of Plots & Corridors and process for Feasibility/Concept Optimization, and Construction of Associated Roads for Future several studies were successfully completed for Downstream Venture Industries at RLC Dukhan, Mesaieed and offshore This project is in accordance with RLC’s Business Master Plan and is aimed at Bentley 2011 Be Inspired award for Innovation providing the appropriate basic business QP competed with over 350 entries from around platform for future downstream industries at the globe and won Bentley’s 2011 Be Inspired RLC. Award for Innovation in Process Manufacturing

2233 Annual Report Crude Oil and Natural Gas

OnshoreOnshore FieldsFields (Dukhan)(Dukhan)

Main Activities of Dukhan he Dukhan Field is a large oil and gas field Textending over an area of approximately 80 kms by 8 kms and is located about 80 kms to the west of Doha. The field is comprised of three sectors from North to South -- Khatiyah, Fahahil and Jaleha/Diyab. Oil and gas production is separated in four main degassing stations namely Khatiyah North, Khatiyah Main, Fahahil Main and Jaleha, all of which are continuously manned The unmanned satellite Dukhan operation has storage and export stations are Fahahil North and Fahahil South, facilities at the Mesaieed Terminal. The Terminal while Khatiyah South is now also a manned and Export Department receives stores, station. The Diyab satellite station at the southern schedules and exports crude oil and naphtha. end of the field has no process facilities and its total oil production is sent to Jaleha station for The production support activities comprise processing. Stabilized crude oil is transported facilities for potable water distribution, a power through pipeline to Mesaieed port, which is station, workshop facilities and a communication about 100 km east of Dukhan. network in the Dukhan Field.

The Dukhan oil field has the capacity to In addition to the above production/process produce up to 335,000 barrels per day (b/d). facilities, various housing and recreational However, actual annual production is based facilities are available in Dukhan and clubs, on reservoir management requirements. Other catering and security services are also provided production facilities are related to associated to Dukhan residents. gas, non-associated gas, raw natural gas liquids (NGL) production from associated gas, Marketing and Development Plans Arab D Gas Cap NGL and Arab D condensate The main products for export from Dukhan oil production. and gas fields are crude oil, condensate, NGL and stripped associated gas (SAG). In addition to these, facilities for the injection of North Field gas into the Khuff Reservoir, the The following projects are currently under injection of lean gas into the Arab D Gas Cap construction or in progress: an acid gas recovery and water injection into the main oil reservoirs plant, produced water re-injection facilities, the of Arab C, Arab D and Uwainat for pressure drilling of new wells, and abandonment of old maintenance are also operated on a continuous wells. basis in Dukhan. Major civil infrastructure development projects The Dukhan Field has a total of 185 are also being implemented in Dukhan. Some oil-producing wells, 211 water-injection wells and of the major projects include the relocation 57 gas producers and injector wells. According of industrial facilities outside of Dukhan, the to the latest well status, the total number of wells Dukhan-Umm Bab-Salwa road, a new sewage in Dukhan is 632, and this includes all production, treatment plant, Dukhan housing projects, and injection, observation, closed-in and abandoned other civil projects. wells.

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Major Customers Also ongoing is the implementation of phase The following products are sent to various II of the Dukhan Physical Development Plan internal and external customers: (DPDP) projects comprising Phase IX and Phase • Crude oil is exported through Mesaieed’s X, Dukhan Housing Projects, Civic Building and Terminal Operations Department and supporting infrastructure, utilities and services is also supplied to the QP Refinery in within the Dukhan township. Mesaieed. • Condensates are delivered to the QP Now also being implemented are the DPDP Refinery in Mesaieed. infrastructure, utilities and services projects in the • Arab D NGL is sent to NGL-4 in Mesaieed. QP concession area. • NGL is provided to NGL and NGL-2 in Mesaieed. In addition to this, a new Western district hospital • SAG is supplied to Qatar National Cement has been completed and inaugurated. The Company (QNCC), QAPCO and QAFCO new name of the hospital is the Cuban Hospital, via QP’s Gas Distribution System. Zikreet.

Future Expansion Plans Another major project covering the full-field, A major project on the setting up of an acid 3-D seismic survey of the Dukhan Field has been gas removal plant , which would supply completed. The project report is expected to be sweet gas to Dukhan consumers, is now under received by the end of 2012. construction. It will be commissioned in Dukhan by year 2013. The project has been awarded Historical Background on Dukhan Field to Petrofac, which is based in Sharjah, UAE. Development Detailed engineering and procurement are now The development of the Dukhan field has in progress. taken place in various stages. The first well was drilled in 1939-1940, confirming the presence PWI Phase VII will increase the capacity of PWI of commercial quantities of oil in the area. PS.3 and PS.6 to 120,000 b/d and 150,000 b/d, Further work was suspended due to World War respectively. II. The development of the Khatiyah sector was then started from 1947 onwards and the first A sweet fuel gas project is currently being built oil was exported from the Mesaieed port on 31 to supply NF sweet gas as fuel to all Dukhan December 1949. customers, including QP, QNCC, and Gulf Cement Company (GCC). The development of the two other sectors, Fahahil and Jaleha/ Diyab, in Dukhan was carried out in stages, starting with Fahahil in 1954 and then Jaleha in 1955. The Dukhan Power Station was commissioned in 1958. The Khuff non-associated gas reservoir was discovered in 1959 at an average depth of 10,000 feet. In 1974, the Fahahil Stripping Plant was also commissioned to recover raw NGL from associated gas. In 1976, the first

2255 Annual Report

development well in the Khuff reservoir was processes 800 million standard cubic feet per drilled and eight Khuff wellhead treatment plants day (mmscfd) of Arab D Cap Gas and recovers were subsequently commissioned in stages from 38,000 barrels per day of stabilized condensate 1978 to 1982. and 750 tonnes/day of NGL, was commissioned in 1998. The residue gas is re-injected back into Powered water injection to maintain the reservoir the same reservoir. A major project to upgrade pressure at both Arab C and Arab D reservoirs the Arab D plant facilities to recover C2+ raw was taken up in stages starting in 1989, with the NGL (about 5600 t/d of NGL) and supply to the last phase eventually completed in 1998. NGL-4 Project in Mesaieed has been completed The pressurization of the Khuff reservoir with and the plant has been commissioned. surplus North Field gas was started in 1992 with the commissioning of a compressor station in the A major project for a gas lift system that would Fahahil area. artificially lift the oil to enhance production and ultimately increase recovery from the field has The Arab D gas cap recycling plant, which been implemented.

Major Achievements up to 2011

1 Drilling of the first well in Dukhan 1939/40 2 First shipment of crude oil from Dukhan 1949 3 Discovery of non-associated gas in the Khuff reservoir 1959/60 4 Commencement of power water injection in Dukhan reservoirs for pressure mainte- 1989 nance 5 Commissioning of the Arab D Gas Recycling plant to recover condensates and NGL 1998 from the Arab D Reservoir Gas Cap 6 Commissioning of NGL4/DKADU to recover 5600 t/d of NGL from the Arab D Gas Cap 2003 7 Commissioning of the gas lift project 2003 8 Attainment of ISO 9001:2000 Quality Certification for the entire Dukhan Operations 2004 9 Central Office Building for Dukhan Operations completed 2005 10 New department of Well Integrity established to ensure safe operation of oil and gas 2009 wells. 11 Installation of new dehydration units at FSP 2011 12 Mesaieed tank farm upgraded, with the rehabilitation of old tanks, the construction of 2011 new ones, increase in storage capacity and change in tank farm philosophy. Multi- product berth is at final stage of completion. 13 Significant reduction in gas flaring achieved 2011 14 Two new fire stations constructed and commissioned at Fahahil and Umbab 2011

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OffshoreOffshore FieldsFields

Operations - Offshore Fields 4.1. Upgrading of crude oil import/export P operates two offshore production stations, facilities QPS-2 and PS-3, which can be found in the 4.2. Major overhaul of one crude oil northeast of Qatar’s territorial waters. These storage tank production stations are located in the Maydan 4.3. Construction of a new Central Mahzam (MM) and Bul Hanine (BH) fields. Maintenance Workshop Both PS-2 and PS-3 platforms produce crude oil, associated gas and condensate. Oil with 4.4. Installation of new fire water pumps condensate is piped to Halul Island for storage 4.5. Construction of a new fire station and export. On the other hand, the gas 4.6. Construction of a new clubhouse produced is primarily used to assist in lifting the oil from reservoirs, and it is also utilized as station and Halul fuel gas as well as feedstock of NGL Future Expansion Plans facilities in Mesaieed. Future expansion plans include the following major projects: Major Customers MM and BH Fields: QP’s major customers for crude oil, gas and condensate include Mitsubishi Corporation, 1. BH field redevelopment concept Exxon Mobil, Total, Cosmo, Marubeni, Itochu, and optimization and engineering studies are others. expected to be completed by the first quarter of 2012. Major Achievements 2. On implementation of BH redevelopment, field production is expected to increase in 1. Drilling of one new producing well with 2018. a potential of 1,300 b/d. In addition, three producing wells were worked-over/ 3. Studies of MM field reservoirs are expected side-tracked with a potential of 3,300 b/d. to be completed within 2012. 2. Installation of remote control systems in 4. Upgrading of escape capsules at both PS-2 four well. and PS-3 3. Reduction in gas flaring by around 9% of 5. Preparation is ongoing for refurbishing the gas flared in 2010 protective coatings on PS-2, PS-3 and wellhead jackets structures. 4 Completion of the following projects in Halul:

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ExplorationExploration andand PSAPSA OilOil DevelopmentDevelopment AActivities:ctivities:

Exploration / Appraisal Activities

P continues to adopt the policy of increasing Qatar’s hydrocarbon resources by intensifying the exploration and appraisal activities to cover most of Qatar’s areas through Exploration Qand Production Sharing Agreements (EPSA) and Appraisal, Development and Production Sharing Agreements (ADPSA) with major international oil and gas companies.

Exploration Activities in Blocks under EPSA and Open Areas

The following is a summary of exploration and appraisal activities and achievements in 2011:

EPSA Exploration Areas Block Operator Activity Block-3 Wintershall Consortium Prospectivity mapping 80% complete in 2011. Effort to find 2 prospects to the obligatory wells is ongoing.

Block-4 GDF SUEZ Qatar Block-4 Post-Khuff prospect mapping completed in Company 2011. Pre-Khuff prospect mapping is ongoing. Preparation for two wells is ongoing.

Block-4 North Wintershall Holding GmbH WQ4N-1 exploration well was drilled and post drill studies and mapping completed during 2011. Preparation for WQ4N-2 is ongoing

Block A JX Nippon Oil and Gas Explora- EPSA signed on 8 May 2011. Preparation to tion Corp. acquire new seismic is ongoing. Preliminary G&G studies are ongoing.

Block-BC CNOOC Middle East Qatar Ltd. Bathymetry survey and seismic reprocessing were competed. G&G studies have been completed partially. Preparations for seismic acquisition are ongoing.

Block-D Qatar Shell Upstream Interna- Seismic acquisition is ongoing. G&G studies are tional & PetroChina Investment also ongoing. Preparations for the first well, QS-1, (Hong Kong) Limited are ongoing.

Exploration Open Areas: Blocks 2, 10, 13, 14 and E (Pre-Khuff) are under QP in-house studies. The in-house studies for Blocks 1, 7 and 8 had been finalized. Also, the post-appraisal study for Block-11 to evaluate the exploration results and assess the remaining hydrocabon potential is being finalized. The NN Structure potential appraisal and development scenarios are currently under evaluation.

Regional Qatar Mesozoic Exploration Study: A regional hydrocarbon study for the whole Qatar is being conducted. The objective of the study is to map and assess the remaining potential Mesozoic hydrocarbons.

Bunduq Deep Exploration Well: A deep exploration well to evaluate the Khuff and Pre-Khuff hydrocarbon potential is currently planned to be drilled at Bunduq Field. The well is planned to be spud in early 2013.

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EPSA/DPSA Production Fields Activities

The following offshore fields under seven PSAs are currently in various stages of development by the following operating companies:

Block Operator Al Shaheen Maersk Oil Qatar Al Rayyan Occidental Qatar Energy Company Al Khalij Total E&P Qatar Ltd. Idd El Shargi North Dome Occidental Petroleum of Qatar Ltd. Idd El Shargi South Dome Occidental Petroleum of Qatar Ltd. Al Karkara & A-Structures Qatar Petroleum Development Company El Bunduq Bunduq Company Ltd.

Al Shaheen Field (Maersk Oil Qatar): from the Al Shaheen Field in 2011, bringing the The implementation of the approved 2005 Field total oil produced from the field to 1.163 billion Development Plan (FDP) continued throughout barrels as of the end of 2011. 2011. Some 16 wells were drilled during the year, bringing the total number of wells drilled to 168 Study work on the application of Enhanced out of the planned 169 wells under FDP 2005. Oil Recovery (EOR) techniques continued in The hook-up and commissioning of new facilities 2011. Pilot Low Pressure (LP) gas injection was and equipment were completed in 2011. carried out in 15 wells in Kharaib and Shuaiba reservoirs for pressure support and to determine Some 110.6 million barrels of oil were produced its effectiveness in increasing oil recovery.

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Al Rayyan Field (Occidental Qatar Energy power generator and the de-bottlenecking of Company): In October 2007, Occidental Qatar the water handling/disposal systems at PS1 and Energy Company (OQEC) acquired Anadarko’s Halul Island. interest and became the operator of the Al Rayyan Field. A new field development plan As of the end of 2011, 27 wells were completed (FDP) was submitted and approved in 2010. The out of the 45 planned in the Phase IV FDP. scope of the FDP entails drilling/re-drilling of 7 Two MFP installations and two out of six ESP new wells with facility upgrades and capacity conversions were also completed. expansion. Idd El Shargi South Dome (Occidental Petroleum As of the end of 2011, the drilling of four wells of Qatar Ltd.): The new 12” pipeline to PS1 was were completed, out of the seven planned in installed and commissioned in March 2011. The the FDP. Facility capacity expansion activities old 18” pipeline will be abandoned in 2012. are ongoing. Field activities continue to focus on monitoring and improving operational A new Phased Full Field Development Plan efficiencies to sustain production through (PFFDP) was approved in the first quarter of 2011. maintenance and ESP change-out workovers. Phases 1 and 2 each consist of the installation of a Minimum Facilities Platform (MFP) for the Al Khalij Field (Total E&P Qatar Ltd.): During 2011, drilling of four and five wells, respectively. The some infill development wells were drilled in remaining Phases 3-5 entail the installation addition to the workover of wells. In parallel to of two large wellhead jackets and their this, various geo-science and reservoir studies implementation will be decided based on the have been conducted and are ongoing. Also, results of Phases 1 and 2. increasing water handling capacity through the de-bottlenecking of the process platform, PP1, The Phase 1 MFP installation was completed in was completed. 2011 and drilling will commence in mid-2012. The fabrication of the second MFP is in progress. Some 9.8 million barrels of oil were produced from Al Khalij in 2011, bringing the total oil Al Karkara & A-Structures (Qatar Petroleum produced from this field to 166.6 million barrels at Development Company): All three stages of Al the end of 2011. Karkara and A-North Full Field Development Plan have been completed. Idd El Shargi North Dome (Occidental Petroleum of Qatar Ltd.): The Phase IV FDP was approved The Full Field Development Plan for A-South in the first quarter of 2011. The scope entails Structure was approved in 2007 and completed drilling 30 new wells, 15 capital workovers, two in 2011. A-South drilling commenced in early Minimum Facilities Platforms (MFPs), a fourth 2010 and the field came on production in April 2011.

The 2011 crude oil production contribution from the QP-Operated and EPSA/DPSA fields is shown below:

2011 Total Oil Production By Operator

QP Operated EPSA/ DPSA 40% Operated 60%

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NorthNorth FieldField

iscovered in 1971, the North Field lies off the gas to local industries and power generation northeast shore of the Qatar peninsula and plants. AKG-2 started up during the third quarter Dcovers an area of some 6,000 sq kms, which is of 2009. In 2011, AKG average production was equivalent to about half the land area of the 1,681 mmscfd of sales gas. AKG also produced State of Qatar. about 26.1 million barrels total condensate and 1.022 million tons of LPG in 2011. The North Field is considered to be the largest single non-associated gas reservoir in the world QP has installed a new 36-inch lean gas pipeline with total proven reserves of 900 trillion standard with a design capacity of 1.0 bscf/d to supply cubic feet (tscf). The development of this vast the Mesaieed industrial area. natural resource is of great strategic significance to Qatar’s overall economic development. BarzanBarzan GasGas ProjectProject The Barzan Project will produce and process gas NorthNorth FFieldield AAlphalpha ((NFA)NFA) from Qatar’s North Field to supply sales gas to The first commercial exploration of the North power stations and industries in Qatar, ethane Field gas resource started in late 1991 with initial to the country’s petrochemicals industry, and gas production from Phase I (Alpha Project). associated liquid hydrocarbons for sale in local The gas produced is mainly used to supply the and international markets. The Barzan Project local market, while the condensate is sent for is expected to supply 1.4 bscf/d of gas, with refining or export. A portion of the gas produced the first gas flow planned for 2014. The project from this project is re-injected into the country’s will be located in Ras Laffan Industrial City and strategic contingency reserve in Dukhan. operated by RasGas Company Limited.

In 2011, the average production at NFA was A Joint Venture Agreement and a Development 805 mmscf/d of gas and 24,118 b/d of stabilized and Fiscal Agreement were signed on 6th condensate. Total production was 295 billion January 2011 with QP holding 93% interest and standard cubic feet (bscf) of gas and 8.8 million ExxonMobil taking up the remaining 7%. barrels of stabilized condensate. Appraisal drilling had been completed and The preliminary study for a long-term solution development drilling is currently taking place. to enhance the production plateau of NFA The offshore topside and pipeline FEED were continued in 2011. completed by McDermott in the first quarter of 2009, while the three offshore jackets were Al-KhaleejAl-Khaleej GGasas ProjectProject (AKG)(AKG) installed in the fourth quarter of that same year. The project is designed to develop reserves The onshore FEED was completed by Chiyoda from the North Field to supply 2.0 bscf/d of in the third quarter of 2010. Both offshore and sales gas to domestic consumers, in addition onshore EPC contracts were awarded to Hyundai to condensate, LPG and sulfur for export and Heavy Industries (HHI) and JGC Corporation, ethane for the local petrochemicals industry. respectively, in early 2011. The start-up of Train-1 RasGas is the operator of AKG facilities. is targeted for the third quarter of 2014 and then Train-2 by the second quarter of 2015. The AKG Development and Production Sharing Agreement (DPSA) was signed with ExxonMobil on 2nd May 2000. Phase-I (AKG-1) commenced commercial gas deliveries on 2nd November 2005. This phase is supplying 744 mmscfd of sales gas to Ras Laffan Power Company, Oryx GTL, Q-Power, Laffan Refinery, Ras Laffan Olefins Company,and to other industries in the Mesaieed area.

Phase-II development (AKG-2) has a nominal design capacity of 1,250 mmscfd for supplying

3311 Annual Report

DrillingDrilling DDepartmentepartment

he Drilling Operations for Offshore Fields (Maydan Mahzam and Bul Hanine) Tand Onshore Field (Dukhan) continued its activities in drilling, workover and well services operations in 2011 using best industry practices in an economical, safe and environmentally friendly manner. Drilling operations and all related services were conducted in accordance to ISO 9001: 2008, ISO 14001: 2004 and OHSAS 18001: 2007.

The rig count and major operational activities were as follows:

Offshore Fields: (Maydan Mahzam and Bul Hanine) The offshore drilling rigs count was two until June 2011. Operations were then continued with just one rig as rig Al-Doha underwent maintenance Onshore Fields: (Dukhan) till the end of the year.

The main activities were as follows: The land drilling rigs count remained at four in • A total of six (6) development wells were 2011 and the main activities were as follows newly drilled and completed. • Completed testing well BH-116 Khuff • A total of 24 development wells were Appraisal and commenced drilling of well drilled and completed. MM-93 Khuff Appraisal. • A total of twenty one (21) old wells were • A total of five old wells were worked over worked over and reactivated, including and re-activated or abandoned. four abandoned wells. • Routine maintenance was carried out on • Routine maintenance was carried out on offshore wells as per the yearly plan. onshore wells as per the yearly plan. • The total footage drilled was 41,804’. • The total footage drilled was 245,256’.

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HalulHalul IslandIsland

alul Island is located around 96 kilometers Qatar Marine Crude (QMC) oil exported from northeast of Doha and has an area of 1.5 Halul is a blend of oil produced from five oil squareH kilometers. It is equipped with major oil fields. Two of these are QP-operated fields (MM terminal facilities that meet all international and BH) and the three others are operated standards. It is the main storage and export by QP joint venture partners on a production terminal for Qatar Marine Crude (QMC) oil. sharing arrangement. Crude oil from producers is transported to Halul by sub-sea pipelines. The island is equipped with 11 large crude oil storage tanks with a total capacity of 5 million The three joint venture producers are Occidental barrels, and it has tanker-loading capabilities Petroleum of Qatar Ltd. (OPQL) operating comprising two single mooring buoys PS-1 (Idd El-Shargi field - North and South (SBM) that allow two tankers to be loaded Domes), TOTAL Exploration & Production Qatar simultaneously. With its range of facilities, Halul (TEPQ) operating the Al-Khalij field, and Qatar Island has a loading capacity of over 100,000 Petroleum Development-Japan (QPD) operating barrels per hour, and it has the capability to the Al-Karkara and A-Structure fields. export more than 2.5 million barrels of crude oil in one day. Halul Terminal complies with the International Ship and Port Security Code (ISPS), and follows recom- It also has facilities for power generation, water mendations set out by the International Safety desalination, a harbor for supply boats, a Guide for Oil Tankers and Terminals (ISGOTT). heliport, waste management as well as suitable staff accommodation and all related domestic Halul Island has been playing a central role in facilities including restaurants, a clubhouse and Qatar’s economy and in serving the world’s recreational facilities. energy demand for decades.

3333 Annual Report LNG

QatargasQatargas OperatingOperating CompanyCompany Ltd.Ltd. (Qatargas)(Qatargas)

atargas, which was established in 1984, onshore operations occupy a site within Ras Laffan pioneered the liquefied natural gas (LNG) industrial City on a plot of land extending 3.9 industryQ in Qatar. In 2011, the company saw square kilometres in area. Qatargas has seven LNG a clear shift, as it entered a new phase with trains, four of which are the largest in the world – the completion of all expansion projects, thus known as mega trains – each with a production becoming a full-fledged operations company. Its capacity of 7.8 mta. operations include the development of Qatargas 2, Qatargas 3 and Qatargas 4 projects, Laffan The Qatargas vision is, by 2015 to be the world’s Refinery, a dedicated fleet of ships, and Europe’s premier LNG company, known for its people, largest LNG receiving terminal. innovation, operating excellence, environmental responsibility and corporate social responsibility. Today, Qatargas -- under the guidance of His Through Qatargas’ commitment and drive, Excellency Dr. Mohammed Bin Saleh Al-Sada, the company continues to make a significant Minister of Energy & Industry and Chairman of the contribution towards a stable and sustainable Board of Directors at Qatargas -- is the largest income for the State of Qatar where, in 2011, its LNG-producing company in the world, with an revenues represented almost 20% of Qatar’s GDP. annual LNG production capacity of 42 million tons Today, Qatargas’ customers are spread throughout per annum (mta). It is realising its vision to deliver the four corners of the world in European, Asian, LNG to its customers around the globe, from its Middle Eastern and North and South American world-class facilities in Qatar. markets.

Qatargas operates all its existing trains and facilities, In 2011, Qatargas’ milestones were significant. Early including offshore, as well as the Laffan Refinery, in the year, the company signed an LNG deal with the Common Sulphur facilities, the Common Lean Centrica for the UK market, and this was followed LNG (CLLNG), the Common LPG (CLPG) and the by the accomplishment of receiving the coveted Common Condensate Storage & Loading (CCSL) “Green Award” for four Qatargas LNG carriers. projects on behalf of its shareholders in all of its In March, Qatargas demonstrated its commitment assets. to Japan with a strengthening of the relationship, following a devastating tsunami in that country and Its offshore operations are located approximately amid rising energy security fears. 80 kilometres northeast of Qatar’s mainland. Commissioned in 1996, the North Field Bravo Throughout the year, Qatargas saw the offshore complex is the heart of the Qatargas commissioning of cargoes to PetroChina’s first LNG offshore operation. Meanwhile, the company’s receiving terminal at Rudong, Jiangsu Province, and the Map Ta Phut LNG Terminal in Thailand. The company also secured a 20-year deal to supply five mta of LNG to Argentina, and it signed a Heads of Agreement with Petronas to supply 1.5 mta of LNG to Malaysia for 20 years. The year 2011 for Qatargas also marked the delivery of the first Qatari LNG cargo to the Gate Terminal in the Netherlands and the arrival of first Q-Max vessel at the Isle of Grain Terminal in the UK and at a terminal in China. The awarding of Laffan Refinery’s Front End Engineering Design (FEED) contract to Technip also took place in 2011 for the refinery’s Phase 2. In addition, an EPC contract was awarded for the Diesel Hydrotreater (DHT) project, which is expected to come on stream in 2014, thus enabling the plant to produce higher-value and more environmentally friendly products.

For Qatargas, at the very heart of its priorities is

3344 Annual Report

corporate social responsibility. Qatargas does not Current Operations operate in isolation; on the contrary, the company Qatargas 1 is intrinsically linked with the communities and Qatargas 1 was established to develop and process environments in which it operates, wherever they natural gas from Qatar’s North Field to produce may be around the world. Through the company’s LNG for export. The first LNG delivery was made commitment to Qatarization, it was honoured in October 1996 to Japan. Qatargas 1 consists with the coveted Qatarization Award in 2011, of three LNG trains (Trains 1, 2, and 3) with a total the second consecutive year that it received production of about 10 mta of LNG. For Qatargas 1, this award. In 2011, in support of the Ministry of 22 production wells were drilled and completed to Interior’s Ramadan Road Safety Campaign, the supply 1,600 million standard cubic feet (45 million company ran a month-long program, aimed at cubic meters) of dry natural gas per day from the raising awareness on road accident prevention, field’s reservoir, underneath the seabed, to the in a bid to significantly reduce the number of existing Qatargas 1 onshore trains. The shareholders accidents and casualties on Qatar’s roads. of Qatargas 1 are QP (65%), ExxonMobil (10%), Total (10%), Mitsui (7.5%) and Marubeni (7.5%). Qatargas is a responsible energy operator and is committed to improve and promote the In 2011, Qatargas 1 produced 10.1 mta of LNG, environmental performance of LNG and its other while the total condensate production was 20.84 production facilities. As a company, it upholds million barrels. A total of 164 LNG cargoes were the highest standard of energy use efficiency, delivered by Qatargas 1 in 2011. responsible energy management and energy conservation, and is committed to the responsible Qatargas 2 management of the environment in which it The Qatargas 2 (QG2) project is the world’s first fully operates. Qatargas has a forward-thinking integrated value chain LNG venture. It includes and strategically developed Greenhouse Gas two world-class LNG mega-trains (Trains 4 and 5), Management Strategy. each with a capacity of 7.8 (mta) of LNG and 0.85 mta liquefied petroleum gas (LPG), condensate For now and well into the future, Qatargas will production of 90,000 bpd, a fleet of 14 Q-Flex and continue to seek increased energy efficiency Q-Max ships and Europe’s largest LNG receiving across its facilities, for continual improvement, for terminal. The shareholders of Train 4 are QP a better tomorrow. The company is proud to play (70%) and ExxonMobil (30%), while for Train 5, Total its part in preserving the environment, for future holds a 16.7% stake, in addition to QP’s 65% and generations to come. ExxonMobil’s 18.3%.

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Qatargas 2 includes 30 offshore wells and three proprietary APX process technology as Qatargas platforms in Qatar’s North Field. The offshore 2. This helps to achieve economies of scale and platforms are unmanned and produce 2.9 billion integration, which puts Qatargas ahead of its cubic feet of gas per day. Total production is competitors. The Qatargas 3 and Qatargas 4 piped to shore via two wet-gas pipelines. The LNG projects were developed and executed by a joint is processed using Air Products’ proprietary APX asset development team to capture synergies process technology. As part of the total expansion between the two projects. of Ras Laffan’s capacity, Qatargas 2 constructed facilities for expanded LNG storage and loading, Train 6 was safely started up and the first LNG from including five 145,000-cubic-metre tanks and Qatargas 3 was produced in November 2010. The three LNG berths, a 12,000 tonne/day common LNG is shipped predominantly to markets in the United sulphur system serving all Ras Laffan ventures, and States, Asia and Europe. At full operational capacity, an export pipeline and mooring buoy for loading the train is capable of providing approximately one condensate ships some 55 kilometres offshore. billion cubic feet of gas per day for 25 years.

Once the gas is processed and turned into LNG, it is In 2011, Qatargas 3 produced 7.6 mta of LNG, 18.6 loaded and shipped in a specially designed fleet of million barrels of condensate and 0.75 mmt of LPG. ships to markets in the United Kingdom, United States, It successfully delivered a total of 86 LNG cargoes. Asia and Europe. Upon arrival in the UK, the LNG is off-loaded into the purpose-built South Hook LNG Qatargas 4 Terminal at Milford Haven, Wales. The terminal is the largest LNG receiving terminal in Europe and is linked Qatargas 4 (QG4), a joint venture between to the UK’s national pipeline grid, serving approximately QP (70%) and Royal Dutch Shell (30%), started 20% of the current UK natural gas demand. producing LNG in January 2011 and it completes Qatargas’ planned LNG expansion projects. The In 2011, Qatargas 2 produced 15.7 mta of LNG, project involved the construction of a new LNG 38.7 million barrels of condensate and 1.5 mmt of mega-train (Train 7), similar to Qatargas 2 and LPG. It delivered a total of 162 LNG cargoes. Qatargas 3, with a production capacity of 7.8 mta. Its upstream platforms and infrastructure consist of three unmanned platforms (each containing 11 Qatargas 3 wells) and two subsea pipelines, which are shared The Qatargas 3 (QG3) project involved the with Qatargas 3. Qatargas 4 produces 1.4 billion construction of a new LNG mega-train (Train 6) standard cubic feet of gas per day, delivering LNG with a capacity of 7.8 (mta). Production from Train and substantial volumes of condensate and LPG, 6 started in November 2010. Qatargas 3 is a joint as well as high purity grade sulphur. venture of QP (68.5%), ConocoPhillips (30%) and Mitsui & Co. Ltd. (1.5%). The LNG produced by Qatargas 4 utilises the same Air Products’ Qatargas 3 is transported to markets worldwide proprietary APX process technology as Qatargas on a fleet of ten ships, each with a capacity of 2 and Qatargas 3, thus helping to achieve carrying approximately 210,000-266,000 cubic economies of scale and integration not previously metres of LNG. possible in the LNG industry. The Qatargas 3 and 4 projects were developed and executed by a joint The upstream platforms and infrastructure of asset development team to capture synergies. Qatargas 3 consist of three unmanned platforms, 33 wells and two subsea pipelines, all of which LNG from Qatargas 4 is transported to global are shared with the Qatargas 4 project and are markets via a fleet of eight Q-Flex or Q-Max ships operated remotely from an onshore control room. (with approximately 210,000–266,000 cubic metres Qatargas 3 produces 1.4 billion standard cubic capacity each), which were constructed in Korean feet of gas per day, delivering LNG and substantial shipyards. Qatargas 4 predominantly supplies volumes of condensate and LPG. markets in North America, the Middle East and Asia.

Natural gas from offshore is transferred to shore In 2011, Qatargas 4 produced 6.1 mta of LNG, 15.7 with the associated condensate via subsea million barrels of condensate and 0.63 mmt of LPG. pipelines. Qatargas 3 utilises the same Air Products’ It successfully delivered a total of 68 LNG cargoes.

3366 Annual Report

RasGasRasGas CompanyCompany LimitedLimited

asGas Company Limited (RasGas) is 1. Ras Laffan Liquefied Natural Gas R the operator of all RasGas projects Company Limited — RL and is owned by Qatar Petroleum and RL was established in 1993 to produce LNG and ExxonMobil RasGas Inc. (with 70% and 30% related products from two trains, Trains 1 and 2, which shareholdings, respectively). RasGas is a each have a production capacity of 3.3 mta of LNG. leading player in the global natural gas industry, supplying and delivering liquefied 2. Ras Laffan Liquefied Natural Gas natural gas (LNG) to an international — portfolio of customers with a fleet of Company Limited (II) RL (II) long-term chartered LNG vessels. RasGas RL (II) was established in 2001 to produce LNG also supplies natural gas and ethane to the and related products from three trains, Trains 3, 4 domestic market in Qatar. and 5, which each have a production capacity of 4.7 mta of LNG. RasGas oversees and manages all the operations associated with its seven LNG 3. Ras Laffan Liquefied Natural Gas trains that have a total production capacity Company Limited (3) — RL (3) of around 37 million tonnes per annum (mta), its two sales gas production facilities, helium RL (3) was established in 2005 to produce LNG production facilities, as well as major shipping and related products from two trains, Trains 6 contracts and global commercial partnerships. and 7, which each have a production capacity of 7.8 mta of LNG. The company has developed world-class offshore and onshore facilities for the 4. Ras Laffan Helium extraction, processing, storage and export of Ras Laffan Helium was established in 2003 to gas from Qatar’s North Field. extract, purify and liquefy helium from the North Field. The first Ras Laffan Helium plant has a RasGas is currently executing two projects on production capacity of approximately 9 tonnes behalf of Ras Laffan Helium 2 and Barzan Gas per day of pure helium. It started production in Company Limited, both of which will add to its August 2005 and develops resources on behalf production capacity. of the co-owners: RL, RL (II), and Qatargas 1. Ras Laffan Helium 2 is scheduled to start-up in 2013 RasGas Company Limited is the operating and with a production capacity of approximately 17 project development company for and on tonnes per day of pure helium. Ras Laffan Helium behalf of the following: 2 will be the world’s largest single helium refinery.

3377 Annual Report Pipelines

DolphinDolphin ProjectProject

he Dolphin Project entails the development of reserves from the North Field for the Tproduction of wellhead gas sufficient to export 2.0 bcsfd of sales gas to the United Arab Emirates. The project processes gas at Ras Laffan, where condensate, ethane, LPG and sulfur are stripped out and sweet lean gas is then delivered to the UAE through a sub-sea pipeline.

The Development and Production Sharing Agreement (DPSA) was signed on 23rd December 2001 between QP and the contractor (comprising Dolphin Investment Company with 51% interest and Total of France and Occidental Petroleum of the USA with 24.5% interest each). The delivery of export gas from the first stream commenced in the third quarter of 2007. The second stream began in February 2008 and full lean gas export to the UAE has been continuing steadily since then.

In 2011, average sales gas production from the Dolphin Project was 2,000 mmscfd, 1.294 million tons of LPG and 34.5 million barrels of total condensate.

3388 Annual NGL and Local Gas Report

QPQP GASGAS OPERATIONSOPERATIONS

P Gas Operations under the Operations Assets under Gas Operations QDirectorate is responsible for managing • North Field Alpha – Offshore gas production the complete value chain for non-associated in Qatar’s North Field gas production, associated gas and NGL liquids • Khuff Facilities – Onshore gas production in processing, local transmission and distribution Dukhan and export of liquefied petroleum gas (LPG) and • North Field Injection Station (NFIS) – Gas condensates. reinjection facilities at Fahahil in Dukhan • NGL Complex – Gas processing plants in Key Operational Objectives of Gas Mesaieed Operations • LPG and condensate storage tanks in • Operate the plants with the highest possible Mesaieed levels of personnel and plant safety while • NGL Jetty in Mesaieed – For exporting LPG meeting all QP and State HSE regulations and condensates and guidelines; • Transmission and Distribution Pipelines • Optimize processing of various feed Network – For distributing various streams to maximize plant utilization and hydrocarbon gases and liquids within the consequently maximize State revenues and State of Qatar income; • Meet fuel gas demands of State power NGL Complex, LPG and Condensate plants and fuel gas/feedstock requirements Storage Tanks, and NGL Jetty for local Industry; The NGL complex in Mesaieed is made up of the following major plants and facilities for gas and • Meet export targets for LPG and NGL NGL processing, treatment, storage and exports: condensate. • NGL-3 gas plant and gas sweetening unit (AGR/SRU) Gas Operations acts as the integrated shutdown • NGL-3 condensate plant coordinator for all the hydrocarbon industries • NGL-2 stripping plant operating in Qatar in order to minimize the • NGL-1, NGL-2, NGL-4 Trains 1 and 2 aggregate downtime and consequent fractionation plants production losses. It also acts as the coordinator • Tank Farm for the storage of LPG and and facilitator for all pipeline road crossings and condensates construction road openings throughout the State • NGL jetty for the export of LPG and of Qatar. condensates

3399 Annual Report

The NGL Complex products and their distribution during 2011 were as follows :

QP Gas Operations 2011 Production and Distribution Highlights Year 2011 Product Product Distribution Production NF Lean Gas 791 mmscfd Supplied to State power plants and industries across Qatar as fuel and feedstock Offshore Stripped As- 70 mmscfd Supplied as feedstock to QAPCO’s Ethane Recovery Unit sociated Gas (OFF- (ERU) in Mesaieed SAG) Ethane Rich Gas (ERG) 4,794 mtd Supplied as feedstock to the petrochemical complexes of QAPCO and Q-Chem in Mesaieed Propane 4,014 mtd Exported through the NGL jetty in Mesaieed. Butane 2,899 mtd Supplied as feedstock to QAFAC’s MTBE plant in Mesaieed; balance exported through the NGL jetty in Mesaieed NGL Condensate 1,413 mtd Exported through the NGL jetty in Mesaieed North Field Stabilized 24.2 mbd Supplied as feedstock to the QP Refinery’s NFC Unit in Condensate (NFC) Mesaieed. Liquid Sulfur 207 mtd Exported via QAPCO’s facilities in Mesaieed Units: mmscfd – million standard cubic feet per day, mtd – metric tons per day, mbd – thousand barrels per day

Transmission and Distribution Pipelines In addition, 167 mmscfd of stripped associated Network gas (SAG) and 129 mmscfd of ethane gas was The Transmission and Distribution Pipelines supplied as petrochemical feedstock to QAPCO Network comprises an interconnected and Q-Chem plants in Qatar. hydrocarbon pipeline network – the GDS (Gas Distribution System) – of over 3,100 kilometres 2011 Highlights for Gas Operations of pipelines, associated manifolds and 52 • ISO 14001 Certification for Environment distribution stations located throughout the State Management System obtained; of Qatar. • Re-certification obtained to ISO 9001 for Quality Management System; The GDS receives fuel gas (C1) primarily from • Sustained production rate achieved at QP’s NGL Complex in Mesaieed as well as from the NFA through the control of down-hole the Al-Khaleej Gas plants (AKG-1 and 2) in Ras scales as well as choke valves trim Laffan, while ethane gas (C2) is received from replacement; AKG-1 and 2 and Dolphin Energy’s plants in Ras • De-bottlenecking achieved in NGL-3 Laffan. extraction plant through process optimization; The GDS caters to the fuel/feedstock • Raw NGL yield improvement obtained in requirements of power plants and industries within NGL-2 stripping plant through gasoline Qatar, viz. Q-Chem, QAPCO, QVC, QAFCO, injection; QAFAC, QASCO, QP Refinery, Qatalum, MPCL, • Third-party pipeline operation agreements QNCC, GCC, DEL, RLOC, Ras Girtas Power operationalised with RLOC, QATOFIN, Company, etc. Q-Chem and QATEX; • Redundant pipelines removal and corridor In 2011, a total of 837 mmscfd of gas was restoration on-going to facilitate release of supplied to power plants, while 1,013 mmscd of valuable land for future development. gas was supplied to various industries in Qatar.

4400 Annual Refining Report

RefiningRefining

he QP Refinery started as a small topping plant in 1958 and has grown over the years into a Tgiant refinery organization, successfully making the State of Qatar self-sufficient and export- oriented in refined oil and petroleum products. It has provided added value to the country’s natural wealth, improved the refining economics in the State, and provided citizens with the necessary expertise in the areas of management, operations, engineering, maintenance and marketing.

Year 2011 Overview The main activity of the refinery is to process crude oil and condensate into various finished products, which are intended to meet both domestic (totally/partially) and export demands. The main finished products are liquefied petroleum gas (LPG), petrochemical naphtha, premium gasoline, super gasoline, jet fuel, diesel, decant oil and fuel oil.

The planned intakes and processing capacities for 2011, in barrels per stream day (bps/d), were as follows:

Feed Design Plan Crude 80,000 81,250 *NFC 26,000 22,300 (based on feedstock availability)

**DSC 31,000 23,800 (based on feedstock availability) Total 137,000 127,350

* NFC — North Field Stabilized Condensate ** DSC — Dukhan Stabilized Condensate

Refined Products Export 2011 Mogas 90R The total refined products exported during the 213,959 MT year amounted to 1,789,571 metric tons against the planned export volume of 1,711,000 metric Naphtha tons. The refinery imported 352,839 metric tons of Mogas 97 834,545 MT 509,438 M light gas oil (LGO) and 398,523 metric tons of Jet A-1 to meet the high increase in local demand.

Marketing of Refinery Products The marketing and other commercial aspects of refinery products sales are being undertaken FO 180 CST 15,350 MT DCO by Qatar International Petroleum Marketing 216,279 MT Company Ltd. (Tasweeq), working in close coordination with the Production Planning, Major Customers and Destinations Scheduling and Export Division. The division is The major international customers for the responsible for working out the annual, quarterly company’s products are Glencore, Gunvor and monthly planning and products export International, Litasco, Vitol, FAL Oil, Bakri Trading schedule.

4411 Annual Report

Company, and Marubeni. Products Destination 2011

The QP Refinery also supplies Singapore 40,200 MT / 2% refined products locally to WOQOD, SEEF, QAFAC, QAPCO UAE Japan 711,222 MT / 40% and QP‘s NGL Complex in Mesaieed. 834,545 MT / 47%

In 2011, countries in the Arabian Gulf were the major destinations for gasoline,

diluted crude oil (DCO) and Iraq straight run fuel oil (SRFO), while 29,999 MT / 2%

naphtha was exported to

petrochemical plants in Japan. Kuwait Oman 28,549 MT / 1% 145,057 MT / 8%

LaffanLaffan RefineryRefinery

affan Refinery, Qatar’s first condensate refinery, Laffan Refinery’s venture activities started production in September 2009. It is continue with plans to expand designedL to be one of the largest condensate condensate refining capacity to refineries in the world. The shareholders of the Laffan supply more products from a second Refinery are Qatar Petroleum (51%), ExxonMobil (10%), refinery, which will be known as the Total (10%), Idemitsu (10%), Cosmo (10%), Mitsui (4.5%) Laffan Refinery 2 (LR-2). Expected to and Marubeni (4.5%). be fully operational by early 2016, this facility will be able to process an additional 146,000 The refinery started with a processing capacity bpsd, thus boosting Laffan Refinery’s processing of 146,000 barrels per stream day (bpsd) and capacity to a total of 292,000 bbl/d. currently utilises the field condensate produced from Qatargas’ and RasGas’ facilities. The Laffan The Laffan Refinery helps to capture synergies and Refinery has a production capacity of 61,000 bpsd opportunities from the development of the North of naphtha, 52,000 bpsd of kerojet, 24,000 bpsd of Field, Qatargas, RasGas and other ventures at Ras gasoil, and 9,000 bpsd of LPG. Laffan Industrial City. It consists of process units including utility systems, distillation units, naphtha and kerosene hydrotreaters, a hydrogen unit, and a saturated gas plant producing naphtha, kerojet, gasoil and liquefied petroleum gas (LPG). Meanwhile and in addition to this, some debottlenecking will be conducted and a new gasoil hydrotreater is to be built in the first refinery, LR-1.The Diesel Hydrotreater Unit (DHT) is expected to come on stream by the second quarter of 2014.

It is anticipated that from 2014, most of the gasoil produced will be converted to diesel (less than 10 ppmS). Together with the arrival of a new receiving and loading facility, this will result in an improved, environment-friendly, road fuel distribution network across the State of Qatar.

In 2011, the Laffan Refinery produced 53.3 million barrels of refined products at an average of 146,000 barrels per day.

4422 Annual Report

OryxOryx GTLGTL

RYX GTL Limited is a large scale gas-to-liquids (GTL) plant, converting natural gas into high-qualityO GTL products, such as GTL diesel and GTL naphtha. The plant has been in operation since 2006 with a design capacity of 34,000 b/d, and the business has met or exceeded targets in the areas of safety, environmental compliance, employee turnover, production volumes, operating cost and net profit during 2011. The shareholders, Qatar Petroleum (51%) and Sasol (49%), were rewarded with significant cash payments during the year.

Marketing and Customers ORYX GTL has sold 4.1 million tons or 34.9 million barrels of premium GTL products to the market and the feedback from customers has been very positive. The premium GTL diesel (with its low sulfur, low aromatics and high cetane number) is used as diesel blending stock to improve the density characteristics of marginal barrels and produce low-sulfur diesel, mainly in Western Europe. GTL naphtha, on the other hand, is used for the production of ethylene East of Suez. The company’s customers include oil majors, steam cracker owners,and traders of these products.

Achievements in 2011 ORYX GTL achieved a world-class safety performance with a recorded injury rate of only 0.17 for the year. In 2011, the company was granted ISO 27001 certification in Information Security Management, and BS 25999 certification in Business Continuity. A significant improvement in the volume of final saleable products was also achieved in 2011, with the final average daily production for the year more than 13% higher compared to 2010. The plant achieved a 90-day maximum proven rate of 33,175 b/d. Among the main factors for these achievements were the additional oxygen supply from Gasal and an increased focus on optimizing operations. Positive progress was likewise made to improve plant reliability, which will deliver further benefits to the company in the years to come.

Future Expansion Plans The focus for 2012 will be to continue to improve the reliability of the plant and, as such, continue to increase the average production volumes while controlling and reducing the unit cost. ORYX GTL will take the opportunity of a major turnaround in November to complete several technical improvements to the plant. The company will also strive to study business opportunities that shall add value to its shareholders. .

4433 Annual Report

PEARLPEARL GTLGTL

n July 2004, a Development & Production Pearl GTL Phase 1 achieved its first wax Sharing Agreement (DPSA) was signed between production on 14th May 2011 and the first GTL QPI and Qatar Shell GTL to develop the Pearl gasoil was produced on 29th May 2011. The first GTL project in two phases, Pearl-1 and Pearl-2. commercial shipment of GTL gasoil departed This integrated project aims to develop about Ras Laffan on 13th June 2011 and the first 1,600 MMSCFD of North Field gas to produce GTL base oil shipment was made in October approximately 140,000 b/d of synthetic fuels 2011. His Highness Sheik Hamad Bin Khalifa including base oils for manufacturing lubricating Al-Thani, the Emir of the State of Qatar, officially oils. inaugurated Pearl GTL on 22nd November 2011.

Drilling and completion activities on Pearl-1 and Pearl GTL Phase 2 achieved its first wax Pearl-2 were completed in the third quarter production on 1st December 2011. As of the of 2009 and March 2010, respectively. First gas end of December 2011, 18 shipments of GTL from offshore Pearl-1 and Pearl-2 was realized products had been made. In 2011, Pearl GTL on 23rd March 2011 and 4th November 2011, produced 133,815 mmscf of gas and 5.9 million respectively. barrels of condensate.

4444 Annual Petrochemical Industries Report

QatarQatar FertiliserFertiliser CCompanyompany (QAFCO)(QAFCO)

ounded in 1969, Qatar Fertiliser Company (QAFCO) is now owned by Industries Qatar F(IQ) as 75% shareholder and Yara Nederland B.V. as 25% shareholder.

Since its inception, QAFCO has steered its way successfully by responding adequately to the rising global market demand for fertilizers. Through scientific strategic plans and the integration of the latest technologies that have been steadily developed over the years, the company has raised its production capacity to 2 mmt/a of ammonia and 3 mmt/a of urea. Accordingly, QAFCO has become one of the main producers and exporters of ammonia and urea in the whole world.

QAFCO’s Performance in 2011 In 2011, QAFCO posted record figures in the areas of production, sales and profits.

2011 Production & Exports

Production in Exports in Metric Product Metric Tons Tons

Ammonia 2,298,260 540,447

Urea 3,217,025 2,910,417

Ammonia markets: India was the main market with a 47% share, followed by South Korea (20%), South Africa (16%), Jordan (11%), Taiwan (3%), Japan (2%), Vietnam (1%) and China (0.5%)

Urea markets: Australia served as the primary market with a 21% share, followed by Thailand (13%), Bangladesh, South Korea and the USA (10% each), South Africa (8%), the Philippines (7%), India and New Zealand (6% each), Sudan (3%), Pakistan(2%), and the remaining quantities were delivered to different destinations.

Marketing Some of the factors that have propelled QAFCO Deliveries have been made throughout the to its current leading position in the international world, with India, Jordan, and South Africa of fertilizer market include high-quality products, a particular major importance in terms of QAFCO’s strategic geographic location, efficient logistic ammonia exports, while Australia, Thailand, the facilities, and reliability in supply. USA, Bangladesh, South Africa and the Far East dominate the company’s urea exports.

4455 Annual Report

Expansions The QAFCO-5 expansion project was QAFCO-5 and QAFCO-6 Projects inaugurated by His Highness Sheikh Tamim Bin Hamad Al-Thani, the Heir Apparent, in Building on its successful business experience December 2011. The project has increased the over the last four decades and encouraged by company’s annual production capacity to 3.8 the State of Qatar’s vast reserves of natural gas, mmt/a of ammonia and 4.3 mmt/a of urea, QAFCO has taken upon itself the task of drawing making QAFCO the world’s largest single-site up an ambitious future vision to ensure the producer of both ammonia and urea. continued development of the company. With the QAFCO-6 project expected to be In this context, QAFCO started in 2007 the online by the end of 2012, the company will practical steps in executing the QAFCO-5 further increase its annual production capacity expansion project, which came on stream in late of urea to 5.6 mmt/a. Consequently, the project 2011, and in 2009, it also started the construction will further strengthen the company’s position as of the QAFCO-6 expansion project. a key player in the global fertilizer market.

QatarQatar MelamineMelamine CompanyCompany

ith a production capacity of 60,000 t/a, the QMC plant was inaugurated by His Highness Sheikh Hamad Bin Khalifa Al-Thani, the Emir of the State of Qatar, on 12th October 2010. The plant is theW largest melamine plant in the Middle East and one of the largest melamine plants in the world. The plant will add extra value for the urea produced by QAFCO and boost QAFCO’s profitability.

4466 Annual Report

QatarQatar PetrochemicalPetrochemical CompanyCompany Ltd.Ltd. (QAPCO)(QAPCO)

APCO has today grown to be recognized The marketing network consists of QAPCO’s as one of the largest producers of low Commercial and Marketing Group, Representative Qdensity polyethylene (LDPE) in the Middle East. and Liaison Overseas Offices, QAPCO agents, and The company produces a wide range of LDPE QAPCO regional and bonded warehouses. grades suitable to all thermoplastics processing techniques with various applications, such as In this ever-increasing competitive market, where packaging films, agricultural films, extrusion and the GCC is evolving to become the global coating lamination films, high-clarity films, injection petrochemical production hub, the need is greater molding, foamed and other products that are than ever for suppliers who wish to succeed widely used all over the world. QAPCO’s LDPE is and accelerate to establish a global marketing marketed under the trademark Lotrène ®. positioning that delivers excellence in efficiency and customer service. QAPCO prides itself on establishing QAPCO was established in 1974 as a joint a global marketing network that leverages our multinational venture to utilize the associated market positioning versus its competitors. It is very and non-associated ethane gases from important to realize that the contribution and petroleum production in line with the industriali- performance of QAPCO’s global marketing network zation plan of the State of Qatar. are essential and crucial the company’s success; hence, the utmost level of cooperation and support QAPCO is jointly owned by Industries Qatar (IQ) is being provided to this network. with 80% share and Total Petrochemicals of France with 20% share. QAPCO has already established 30 offices thus far, and its intention to expand and conquer other QAPCO’s Plants and Products markets is very solid. QAPCO’s manufacturing facilities mainly consist of an ethylene plant with a capacity of 800 kilo ton per annum (KTPA) after the expansion of the ethylene plant (EP2) in August 2007, two LDPE plants with a total annual capacity of 400 KTPA, and a sulphur plant with an annual rated capacity of 70 KTPA. In addition, it has self-suffi- cient utilities plants and other offsite and auxiliary facilities such as those for the production and supply of raw pyrolysis gasoline for SEEF Ltd. and for the manufacture of linear alkyl benzene. QAPCO also has facilities to process the C4+ stream from Q-Chem to convert it into high-value LPG, which is then supplied to QP.

Different LDPE grades are available from QAPCO to satisfy the requirements of most thermoplastics processing techniques, and these are suitable for applications such as films, pipes, cables and wires, and other major moulded products having wide usage all over the world and touching everyone’s daily life.

Global Marketing Network QAPCO’s products are currently marketed to 8,000 customers in over 145 countries through the company’s liaison offices, direct indent sales agents, and preferred distributors, which represent the heart and soul of QAPCO’s global marketing network.

4477 Annual Report

QatarQatar FuelFuel AdditivesAdditives CompanyCompany (QAFAC)(QAFAC)

atar Fuel Additives Company (QAFAC) is for the production of methanol and methyl a Qatari joint stock company involving tertiary butyl ether (MTBE) for sale to customers QIndustries Qatar (50%), OPIC Middle East worldwide. The QAFAC plant produces 983,330 Corporation (20%), LCY Middle East Corp. (15%) TPA of methanol and 610,000 TPA of MTBE. and International Octane L.L.C. (15%). QAFAC’s mission is to be a world-class operation in the production of methanol and MTBE with a QAFAC was established to build, own and strong commitment to excellence of quality, cost operate facilities at Mesaieed Industrial City competitiveness, environmental protection and safety.

Production MTBE QAFAC’s MTBE plant produces around 1,830 metric tons per day by processing butane and methanol. The methanol is provided by the on-site methanol plant and QP provides the field butane.

MTBE is a colorless, flammable liquid with a characteristic odor and has an average octane number of 108. Therefore, it is used as a gasoline additive that provides clean-burning fuel to reduce the tailpipe pollution generated by motor vehicles. At the same time, it also eliminates the need for blending tetraethyl lead in gasoline.

METHANOL Methanol was first produced by wood distillation in the 1900s and commercial production started in the 1920s from coal. From the 1960s up to now, it has been manufactured from petroleum, naphtha and natural gas.

QAFAC’s methanol is produced from natural gas provided by QP, via steam reforming and methanol synthesis. The company’s methanol plant can produce 2,950 metric tons per day of US Federal Grade AA methanol.

Methyl alcohol, wood spirit, wood alcohol, carbinol, and Colombian spirit are other names for methanol.

Methanol is a clear, colorless, flammable liquid with a characteristic odor. It is a clean energy source, as well as a raw material for some of the everyday items that we use. Within the petrochemical industry, it is used as a raw material for the manufacturing of solvents, formaldehyde, methyl halide, methyl amine, acetic acid, ethyl alcohol, acetic anhydride, dimethyl ether (DME) and MTBE.

4488 Annual Report

QatarQatar VinylVinyl CompanyCompany (QVC)(QVC)

atar Vinyl Company (QVC) was established 60% above the designed production capacity in 1997 as a limited Qatari shareholding was reached for the VCM plant. Qcompany. The company was inaugurated on 21st June 2001 by His Highness the Emir Sheikh Marketing Hamad Bin Khalifa Al-Thani. The company’s QVC continues to pursue its marketing shareholders are QP (55.2%), QAPCO (31.9%) and strategy, which is to sell most of its products Arkema (12.9%). on a long-term contract basis. Close to 90% of EDC and caustic soda sales are made on a Production (in metric tons): long-term contract basis and more than 95% of • ethylene dichloride (EDC) 184,800 VCM is sold on a similar arrangement. • vinyl chloride monomer (VCM) 352,600 • caustic soda (CS) 370,700 In 2011, QVC products were shipped worldwide Operations Highlights in around 160 vessels. The main destinations included Australia, South Africa, Southeast Asia QVC’s production of both VCM and caustic and India for caustic soda, India and Southeast soda reached one of its highest-ever levels in Asia for EDC, and Pakistan, India and Australia 2011. The company’s chloralkali plant has been for VCM. operated at 28% above its initial capacity, while

4499 Annual Report

QatarQatar ChemicalChemical CompanyCompany Ltd.Ltd. (Q-Chem)(Q-Chem)

atar Chemical Company Ltd. (Q-Chem) The facility has established a world-class high is a Qatari company owned by Qatar density and medium density polyethylene (HDPE QPetroleum (QP) with 51% interest and Chevron and MDPE) and normal alpha olefins (NAO) Phillips Chemical International Qatar Holdings plant adjacent to the original Q-Chem plant in LLC (CPCIQ) with 49% interest Mesaieed.

The Q-Chem facility is a world-class integrated The Q-Chem II PE and NAO plants each have a petrochemical plant capable of producing production capacity of 350,000 mtpa. The plants high density and medium density polyethylene utilize Chevron Phillips’ proprietary technology. (HDPE and MDPE), 1-hexene and other products, The NAO plant produces the full range of using state-of-the-art technology provided by alpha olefins including butene, hexene, octene, Chevron Phillips Chemical, a major integrated decene and higher molecular weight olefins. producer of chemicals and plastics. The The facility includes a new bagging and storage Q-Chem facility began operations in 2003. warehouse. The Q-Chem II plant started up in late 2010. The Q-Chem complex in Mesaieed Industrial City is comprised of an ethylene unit capable Products of producing 500,000 metric tons per annum Q-Chem’s polyethylene products are used to (mtpa), a polyethylene facility capable of manufacture plastic pipes, rigid and flexible 453,000 mtpa, and a 1-hexene unit capable packaging products, household industrial of 47,000 mtpa. Q-Chem’s assets also include chemical/detergent/liquid food bottles, drums an acid gas recovery unit, a sulfur recovery and geosynthetic liners. NAO products, on and solidification unit, a bagging and storage the other hand, are widely used as plastic warehouse, and dock facilities. co-monomers, detergents, synthetic motor oil and lubricants, fuel additives, functional drilling QatarQatar ChemicalChemical CompanyCompany IIII LtdLtd fluids, plasticizers and specialty waxes. (Q-Chem(Q-Chem II)II) Marketing and Distribution Chem II is a joint venture between Qatar Q-Chem and Q-Chem II are the primary Petroleum (51%) and Chevron Phillips suppliers of HDPE/MDPE resins from the Middle Q-Chemical International Qatar Holdings LLC (49%). East. Marketed under the Marlex® trade name licensed by Chevron Phillips Chemical Company, Q-Chem and Q-Chem II are the preferred suppliers to many customers in China, the Asia Pacific, Middle East, Europe and Africa. While many customers are supplied directly from Qatar, Q-Chem and Q-Chem II have also established regional warehouses in China, Singapore, Belgium, Italy, and Spain.

Q-Chem’s 1-hexene and Q-Chem II’s NAO fractions are marketed under the AlphaPlus® trade name licensed by Chevron Phillips Chemical Company. The primary distribution channel for these products is via marine chemical tankers sailing directly from Qatar. Regional tank farms have been established in Singapore and Belgium to support the local markets there. Produced since the first quarter of 2010, AlphaPlus® normal alpha olefins are quickly becoming the preferred products in many of their respective market segments.

5500 Annual Report

RasRas LaffanLaffan OlefinsOlefins CompanyCompany Ltd.Ltd. (RLOC)(RLOC)

as Laffan Olefins Company Ltd (RLOC) is a Qatari company that is owned by Q-Chem RII (53.31%), Qatofin (45.69%) and Qatar Petroleum (1%). RLOC has constructed a world-class 1.3 million mtpa ethylene cracker, which is operated by Q-Chem II on behalf of all RLOC partners. The ethylene produced by RLOC is transported from Ras Laffan to Q-Chem II and Qatofin derivatives units in Mesaieed via a 135-km pipeline. In Mesaieed, 700,000 mtpa of ethylene is allocated to Q-Chem with the reminder going to Qatofin. RLOC began operations in the first half of 2010.

QatofinQatofin CompanyCompany LimitedLimited

atofin is a joint venture involving Qapco (63%), Total Petrochemicals of France (36%) Qand QP (1%). Qatofin is designed to produce The Qatofin plant was inaugurated by His 520,000 metric tons of linear low density Highness the Emir Sheikh Hamad bin Khalifa polyethylene (LLDPE) per year. The ethylene Al-Thani on 24th November 2009. Commercial feedstock required for the LLDPE unit is supplied operation and export of LLDPE subsequently by Ras Laffan Olefins Company (RLOC), a joint started in May 2010. Qatofin’s LLDPE products venture of Qatofin, Q-Chem II and QP. The are marketed worldwide under the “Lotrene” produced ethylene is sent through a pipeline brand name, using the strong marketing network from RLOC to Qatofin and QChem II. of the company’s shareholders.

5511 Annual Report

SEEFSEEF LimitedLimited

EEF Limited is a semi-government superior quality of its product, which has been Spetrochemical company located adjacent accepted and appreciated by many leading to the QP Refinery in the industrial area of detergent producers worldwide. Mesaieed. This location has been selected for its proximity to the source of feedstock and to the various utilities that the plant uses in common Major Highlights in 2011 with the refinery. The complex started production SEEF Limited has managed to achieve important in March 2006. SEEF is a Joint Venture between milestones in 2011, including the following: QP and UDC with 80% shareholding by QP and 1) Higher production than planned; 20% by UDC, a local Qatari company. 2) Ignificant increase in the company’s Products revenue due to excellence in the marketing of its products and proper The main product of SEEF Limited is linear alkyl cost management; benzene (LAB), which is an important ingredient in the manufacturing of environment-friendly 3) Remarkable reduction in the quantity detergents. The plant is designed to produce of imported raw materials by maximum 100,000 metric tons per annum of LAB, with utilization of the available feedstock; 3,600 mtpa of heavy alkyl benzene (HAB) also produced as a by-product in addition to normal 4) 3 million safe man-hours without lost time injury since the plant start-up paraffin and benzene. in 2006. The monitoring of the environmental impact of its industrial Marketing operations is also a priority that the SEEF Limited has consolidated its position across company undertakes with due care the world through a marketing strategy that is and respect to the natural ecosystem. based on short- and long-term contracts as 5) Accomplishment of QP-targeted per the requirements of its clients. Its current strategic Qatarization Plan and customers are spread across Southeast Asia, achievement of much higher the Far East, all over the GCC, South Africa, percentage than planned. the Mediterranean, Europe and Mexico. The company continues to strategically explore new 6) Upgrading of SAP system from geographical areas as well as other end-use version 4.7 to ECC 6 for better work flow segments. This has been facilitated by the and transparency.

5522 Annual Industrial Cities Report

MesaieedMesaieed IIndustrialndustrial CCityity ((MIC)MIC)

esaieed Industrial City (MIC) is located MIC’s Mission is to: approximately 40 kilometres south of Doha. • Promote Mesaieed both locally and MIn 1996, the MIC Directorate was established internationally as a preferred investment as a single-point authority to provide one-stop location; services to all businesses and industries located in Mesaieed, create a strategic land • Modernize and develop utilities, services development plan for the Mesaieed region, and infrastructure; and provide common port, marine, industrial, • Manage the municipal role in Mesaieed community and infrastructure facilities for to ensure clean, orderly, and hygienic the city. MIC is also dedicated to attracting public facilities, including restaurants, parks, heavier, medium, light and support industries to recreation facilities, commercial districts, complement the existing larger businesses and etc. primary petrochemical industries. • Develop a cohesive multinational MIC is the leading integrated industrial city in community in Mesaieed; the State of Qatar, where the major focus is on the development of industrial projects in the • Cooperate with local industries and businesses fields of petrochemicals, chemical fertilizers, oil to plan, develop and upgrade the heeavy refining, natural gas derivatives and metallurgical industries area as well as the adjacent town industries, as well as supporting numerous small area and medium-sized industries. MIC is a major economic centre and a major contributor to the economy of Qatar, with over 60% of the country’s GDP flowing through its port.

MIC is home to much of Qatar’s basic building and construction materials industry. The relocation of these industries to MIC is well established and businesses related to this industry are being accommodated in a new light/ support industrial area within the Mesaieed city and are serviced with common facilities and infrastructure.

The city provides a healthy, clean and safe environment. Professional systems and staff ensure the safety, security and availability of integrated social services for residents and workers, making MIC highly attractive to its residents and investors.

MIC’s Vision is to: MIC Strategic Master Plan MIC has developed a strategic master plan • Be a world-class industrial city with a focus to guide Mesaieed’s industrial, town, and port on hydrocarbon industrial development in development over the next 25 years. It provides southern Qatar; guidelines for the development of these areas based on up-to-date market studies to maximize • Be a self-sufficient city providing a high the utilization of Qatar’s natural resources, land quality of life for all its residents and workers and interfaces between industries. by providing modern facilities, a full range of services, and well-maintained, modern infrastructure; Major Achievements in 2011 • Expansion of permanent labor • Provide a vibrant, healthy, clean and safe accommodation and related recreation environment in which to live and work. facilitiesl;

5533 Annual Report

• Completion of Phase One of the MIC MIC including base gas and petrochemicals, housing project (over 1,500 accommodation plastic resins, refined petroleum products, units); aluminum and steel, as well as finished • Completion of the construction of two MIC manufactured products. These are supplied to international school buildings; the local, regional and international markets. • Maximum utilization of the hazardous waste and domestic waste treatment centers to Reasons to Invest in Mesaieed serve MIC QP and the light industrial areas • Well developed infrastructure and facilities; of the country; • Large, modern and well established 24-hour • Allocation of land for numerous new light serviced port; industrial projects in the metals, engineering, • Proximity to Asian and European markets; plastics, chemicals and construction • Abundance of energy resources at materials sectors within the light/support competitive prices; area; • Open exchange regulations; • Completion of the QP Central Office • Private and joint venture initiatives with complex in MIC; competitive land lease rates. • Construction of a third Gabbro berth and as well as two container berths; Marketing and Development Plans • Completion of the MIC Multi-Sport Complex. • Development of the light industries area for downstream manufacturing and Major Customers construction material in line with the A wide range of products are produced within development of the adjacent new port

5544 Annual Report

project of the State and Qatar Economic • Creation of an Ecological Park as an Zone 3; environmental project; • Expansion and development of the • Construction of additional labor northern, central and southern areas of MIC accommodation to support the new light port; industries expansion; • Upgrading the town road networks. • Allocation of land for new industrial projects in the metallurgical, engineering, plastics, Future Development Plans chemicals and construction materials MIC is continuously considering expansion plans sectors; to meet the rapid growth and development • Development of additional commercial, of its town, industrial and port areas. Major residential, office and recreational facilities infrastructure projects are under design and to serve the growing town population; construction to upgrade the roads, port, and • Upgrading of the existing Sealine Road and other infrastructure within the town, heavy the construction of a new Sealine highway; industries and light industrial areas: • Construction of exhibition and recreation • Roads and infrastructure upgrades and facility; expansion throughout the town; • Construction of fire fighting and training • Completion of road and infrastructure facilities; development and upgrades in the industrial • Establishment of an Emergency Command area; Centre; • Beautification and infrastructure upgrades • Establishment of an automotive zone for of all residential area roads; heavy vehicle service.

5555 Annual Report

RasRas LaffanLaffan IndustrialIndustrial CityCity (RLC)(RLC)

as Laffan Industrial City (RLC), which is located Main Activities R80 kilometers northeast of Doha, is developed RLC’s mandate from QP has three core elements, by QP as the base for all onshore operations viz. the planning and provision of infrastructure; to support the development and utilization provision of logistics, utilities, facilities and services; of the State of Qatar’s North Field gas assets. and as a regulator of developments and health, It commenced operations in 1996 by initially safety and environment in the city. providing land, infrastructure and port facilities to Qatargas 1 (Trains 1, 2, and 3). Since then, RLIC In the area of infrastructure, RLC provides has evolved into a world-class industrial city, industries with land, roads and common corridors facilitating the needs of the most technologically for pipelines and other utilities’ structures. The Port sophisticated natural gas-based industries. of Ras Laffan, which is the largest LNG export facility in the world, facilitates the marine export RLC has now achieved its vision of being the of all the hydrocarbons and sulfur produced global hub for the supply of clean energy by industries, the import of general cargo and following the completion of Qatargas’ and the support of offshore production operations RasGas’ LNG expansion projects, culminating in the North Field. RLC also provides various in the world-scale production capacity of 77 utilities to industries including desalinated water, million tons per annum. Other industrial projects potable water, power, telecoms, seawater recently completed and which augment RLC’s through the Common Seawater Facility, as well industrial base include the Pearl GTL project. as municipal waste treatment and disposal. In addition, RLC is now the center of Qatar’s Other services provided include emergency power generation industry following the recent response coordination, environmental monitoring, commissioning of the Ras Girtas integrated water fire-fighting, medical, security and camp and power plant, which is the largest of its kind in accommodation for designated categories of the Middle East. the workforce.

5566 Annual Report

The Ras Laffan Support Services Area (RSSA), minimizes impacts on the environment and the which covers 3 million square meters in area northern community. These regulatory functions and located in the west side of RLC, has been are executed through the provisions of the developed for industries that provide support land-lease agreement and other State policies services for the oil, gas and petrochemical that QP is required to implement in Ras Laffan. industries in Qatar and the region. This area is being actively marketed by RLC internation- Major Customers ally and is being gradually taken up by leading Most of the industrial developments targeted by companies. QP to utilize the North Field’s current planned production capacity of 25 billion cubic feet of RLC is also implementing the Ras Laffan gas per day are now complete and include the Emergency and Safety College project in following: conjunction with the Ministry of Interior, and this will be operational in late 2012. This a) Qatargas 1, 2, 3 and 4 and RasGas 1, 2, world-class international college will provide and 3 which consist of seven production emergency and safety training to the oil, gas trains each for a total LNG production and petrochemicals industry as well as to civil capacity of 77 million tons per annum; defense, aviation and the military in Qatar and b) Pearl GTL and Oryx GTL with a production the region. capacity of 140,000 and 34,000 barrels per day, respectively; As a regulator, RLC develops and implements relevant regulations to ensure that industrial c) Al-Khaleej Gas 1 and 2 with a lean gas development activities and industrial operations production capacity of 750 million standard are conducted in a manner that safeguards cubic feet per day (mmscfd) and 1,250 the health and safety of people and assets and mmscfd, respectively;

5577 Annual Report

d) Dolphin Energy Limited with a lean gas d) Common Seawater Facility production capacity of (CSF) phase II category 2 2000 mmscfd; e) Ras Laffan Support Services Area land e) Laffan Refinery 1 with a refined products development phases 1 and 2 production capacity of 146,000 barrels per day; Further Developments Planned Ongoing f) Ras Laffan Olefins Company with an The following major projects are currently ethylene production capacity of 1.3 million being executed in RLC: tons per year; a) Ras Laffan Emergency and Safety College g) Ras Laffan Helium with a production capacity of 600 million cubic feet per annum b) Common Seawater Facility phase III (mcfpa); c) Ras Laffan Port expansion phase 2 h) Qatar Power, Ras Girtas Power and Ras d) Jetty boil-off gas recovery facility Laffan Power with a power generation capacity of 1025 megawatts (MW), 2730 e) Marine waste reception and treatment MW and 750 MW, respectively; facility i) Erhama Bin Jaber Al Jalahma Shipyard, f) RLC multipurpose complex which is a 1100acre shipyard providing g) Ras Laffan Support Services Area utilities shipbuilding, repair and maintenance services. h) Various road network projects The remaining major projects, which i) New environmental laboratory are in various stages of implementation, j) New port control tower include the following: k) Government and joint forces service buildings a) Barzan Gas with a lean gas production l) New RLC southern industrial fence capacity of 1400 mmscfd; m) Fire station number 6 b) Laffan Refinery Phase 2 with a refined products production capacity of Under Development 146,000 barrels per day; a) Utilization of surplus treated industrial water c) Two petrochemicals projects involving QP joint ventures with Shell and QAPCO, b) Hazardous waste facility respectively; c) Common off-plot facilities/utilities for d) Qatar Solar Technologies Polysilicon petrochemicals projects plant; e) Qatar Helium 2 with a production capacity of 1300 mcfpa; f) Ship repair yard (phases 5-6).

Major Achievements in 2011 Projects The following projects were successfully implemented in 2011: a) Phase 1 of the Ras Laffan Port expansion b) LNG berth 6 c) Volatile organic compounds (VOC) recovery facility

5588 Annual Other Industries and Report Supporting Services

GulfGulf HHelicopterselicopters CCompanyompany (GHC)(GHC)

ulf Helicopters Company (GHC) Gis 100% owned by Gulf International Services (GIS), a Qatari joint stock company in which QP is the largest shareholder.

Incorporated in 1970, GHC has grown tremendously since its acquisition by QP in 1998 and it is currently one of the leading helicopter operators in the Middle East region with its operations extending to India, Yemen and Libya. In 2010, the company also operated in the Sultanate of Oman and East Timor on short-term contracts.

GHC operates under QCAR Ops 3 and QCAA Part 145 regulations, and is approved and fully aligned with the requirements of the European Aviation Safety Agency (EASA) and the Federal Aviation Administration (FAA) of the US. GHC is also an ISO 9001: 2008 certified company. Company History The following chronological summary enumerates the history of the company since its inception:

Timeline Development July 1970 Established and incorporated in the U.K. (Gulf Aviation 51%; BOAC 32%; BEA 15%) March 1977 Gulf Air 100%

June 1993 De-registered in the U.K. (Division of Gulf Air)

June 1998 Taken over by QP 100%; purchase of assets/business

December 1998 Issuance of Emiri Decree establishing Gulf Helicopters

January 1999 Incorporated as a Qatari company

February 2008 Taken over by Gulf International Services (GIS) 100%

5599 Annual Report

The business growth of the company is as follows:

Timeline Development 1970 to date Providing helicopter services in Qatar for offshore operations of all petroleum companies including QP, RasGas, Oxy, Qatar Gas, Total, Maersk, Dolphin, Anadarko, Shell, QPD, Wintershall and Talisman 1987 to 1999 Operated in Oman

1989 Operations commenced in Yemen.

1994 (Sept.) Operations commenced in India.

1998 to 2006 Operated in Iran

2000 to 2006 Operated in Sudan

2007 Operations commenced in Libya

2007 Introduced Helicopters Emergency Medical Services (HEMS) in Qatar for the first time in collaboration with the National Health Authority and Hamad Medical Corporation Added one AW 139 to the fleet 2008 Added 3 more AW 139s to the fleet

2009 Added 3 more AW 139s to the fleet

2010 Added 5 more AW 139s to the fleet

2011 Added 1 more AW 139 to the fleet

2011 Started operating AW 139 full motion flight simulator, making it the 1st company in the world to own and operate such simulator.

Company Operations Future Plans GHC has a fleet of 38 helicopters, consisting of GHC’s operations continue to expand as the two S-92, 13 AW 139, 17 Bell 412s, five Bell 212s, company reaches out to new geographical and one Bell 206. The company offers services areas and as it increases its scope of services. such as VVIP transport, offshore support, onshore The company is targeting new markets including transport, seismic support, VFR & IFR, load lifting, Australia, Brazil and Europe as well as new photo flights, helicopter emergency medical growth areas in the State of Qatar in line with services and aircraft management. the country’s growing exposure to major cultural, sports and international events, including the FIFA World Cup – Qatar 2022.

GHC strives to keep up with the modernization of its fleet in order to bring in the latest technologies available in the market. In addition, it is pursuing other related business opportunities consistent with its growth plan.

GHC strives to keep up the modernization of its fleet in order to bring in the latest technologies available in the market. In addition, it is pursuing other related business opportunities consistent with its growth plan.

6600 Annual Report

QatarQatar SteelSteel CompanyCompany (QSC)(QSC)

atar Steel’s performance in 2011 continued the new Green Field Steel Melt Shop Project to be excellent, following its great (EF 5), which is designed to produce 1.1 MTPA Qperformances in the preceding years. Total of billets, is progressing well and on schedule, production reached 2,213 thousand metric with commercial production planned in the first tonnes (KMT) of DRI/HBI, 2,038 KMT of molten quarter of 2013. The required financing for the EF steel, 2,005 KMT of billets, 1,819 KMT of bars and 5 Project was secured on a subordinated term 126 KMT of coils. Total shipments during the year basis from a consortium of local and regional were 76 KMT of billets, 186 KMT DRI/HBI, 1,827 banks. KMT of reinforcing steel bars and 134 KMT of coils. An affiliate of Qatar Steel — Foulath and its associated companies in Bahrain — faced Qatar Steel’s consolidated net income was QR operational difficulties as a result of an adverse 1,625 million in 2011 vs. QR 1,374 million in 2010. market and a shortage in the required iron ore.

Qatar Steel is totally committed in implementing South Steel Company, which is another affiliate the projects incorporated in its growth plan. of Qatar Steel and is based in Saudi Arabia, The plan includes increasing production is winding up its construction activities and capacity by enhancing backward integration planning to start its commercial production in through overseas joint venture projects in iron the second quarter of 2012. ore mining and pelletising to ensure a steady supply of the raw materials needed for higher A joint venture agreement was signed by volumes of finished products. The Calcined Lime Qatar Steel and Qatar Mining Company for the Project was completed and commissioned purpose of developing integrated steel plants in on 26th December 2011. The construction of association with the Government of Algeria.

6611 Annual Report

QatarQatar PlasticPlastic ProductsProducts CompanyCompany (QPPC)(QPPC)

atar Plastic Products Company (QPPC) packaging using the blow extrusion process. All was established on 19th September 1998. operations are controlled by a sophisticated CommercialQ production commenced in August computerized system that automatically checks 2000, and the plant was officially inaugurated the quality of the film. The products can be on 21st November 2000 by His Excellency Mr. produced from different kinds of polymers to Abdullah Bin Hamad Al Attiyah, who was then satisfy customers’ requirements. Printing is done the Minister of Energy and Industry. The company using Flexographic printing lines up to 6-colours, is equally owned by Qatar Petrochemical thus ensuring excellent quality of printing. Company (QAPCO), Qatar Industrial Manufacturing Company (QIMCO) and FEBO The products are tested by QPPC’s quality s.p.a. of Italy. control department. An analysis certificate detailing the composition, dimension and Around 90% of the company’s production is mechanical properties of the product is sold to the local market, while the balance is provided with every delivery. marketed in other Gulf countries and in Europe. The production facility is located in Mesaieed Safety data sheets and Certificate of Conformity Industrial City, which is about 40 kilometres south are supplied upon request. of Doha. Certified under ISO 9001:2008 Quality Main Activities Management System, QPPC’s products are QPPC produces plastic film for industrial extruded in modern blow film lines.

6622 Annual Report

Products Directors along with the leadership of the QPPC The company produces the following products: Management, the company achieved major • FFS (form, fill and seal) film accomplishments in 2011: • Shrinkable hood • Shrinkable film • QPPC had exceeded 10, 000 metric • Construction foil (polythene sheet) tons in production for the first time • Polyethylene sleeving since its inception. It recorded a total • Greenhouse and agricultural film production output of 10,400 metric tons • Top open bags in 2011, resulting in record-breaking sales • General purpose film compared to previous years. • Heavy duty trash bags • Printing Line Upgrade: The old printing line Environment was dismantled during the first week of May 2011 and was replaced by a new 6-colour The preservation of the natural environment printing line, in order to serve the growing is one of QPPC’s highest priorities, and the demand for FFS Film in the region. company genuinely understands the fact that our environment is an irreplaceable asset.

Since the establishment of QPPC, a plastic waste recycling unit has been installed to cater to the waste polyethylene and other plastic films being produced. The recycling unit transforms these production wastes into a usable raw material and later being used to produce trash bags and other products.

QPPC is fully compliant with all applicable international environmental laws and Qatari environmental measures in protecting natural resources.

QPPC News: With the guidance of the QPPC Board of

QatarQatar WOODENWOODEN ProductsProducts CompanyCompany (QWPC)(QWPC)

n line with the shareholders’ vision for economic diversification along with the government’s strong support for the development of small and medium enterprises (SMEs), the QPPC management lookedI into different options for diversification and stability. Subsequently, management proposed to build in Mesaieed a modern plant named Qatar Wooden Products Co (QWPC) and this was approved by QPPC shareholders.

The QWPC would house a fully automatic wooden pallet production line along with a heat treatment facility, and it will have the capacity to produce up to 1.6 million units of wooden pallets per year. QWPC’s production would serve the wooden pallet requirements of QAPCO, Q-Chem I and II, QATOFIN and the soon-to-be-built Qatar petrochemical complex. Equity sharing for the QWPC stands at equal percentage of 33.3% among the three QPPC shareholders: QAPCO, QIMCO and FEBO.. The QWPC is expected to commence production in August 2012.

6633 Annual Report

QatarQatar AluminiumAluminium (Qatalum)(Qatalum)

atar Aluminium (Qatalum) is pursuing products reach the entire global community. industrial diversity for Qatar and its people In July 2010, Qatalum was awarded with an ISO byQ actively creating a future of environmental 9001:2008 certificate and it is currently working sustainability and economic opportunities, while towards certification to ISO/TS 16949:2009, the simultaneously building the foundation for a prescribed standard for the automotive industry sustainable, knowledge-based industry. supply chain.

The Smelter Environment Qatalum produces 585,000 tons of premium- Qatalum’s highly efficient technology for quality aluminium per annum. The smelter facility aluminium reduction boosts productivity and sets includes a carbon plant and a state-of-the-art new standards in environmental performance by product casthouse, producing value-added reducing the company’s carbon footprint and premium aluminium products such as extrusion spotlighting waste management and emission ingots, foundry alloys and standard ingots that reduction. Process gases from the reduction meet the most stringent quality standards of its process go through dry and wet scrubbing in global client base. fume treatment plants to ensure that emissions meet international air quality standards, making The company’s infrastructure includes an Qatalum one of the most environmentally inbound berth at the MIC port with storage advanced primary aluminium smelters in the facilities to handle the raw material imports of world. alumina, coke and pitch. The Qatalum smelter is also equipped with a captive power plant Qatalum Production System with a capacity of 1,350 megawatts to supply The Qatalum Production System (QPS) is all its electricity needs. Qatar Petroleum delivers implimented throughout the entire Qatalum approximately 200 million standard cubic feet of organization including operating units, support natural gas per day to Qatalum’s power plant. functions and management and enables its people to drive for operational excellence. Milestones Qatalum has a dynamic and diversified On 4th December 2009, Qatalum cast its first workforce, representing over 37 nationalities. batch of foundry alloy ingots from re-melt By using reliable technology and processes, and this was followed by the first foundry alloy performance is improved through the continuous customer shipment on the 18th of December improvement of cost, quality, volume and HSE. 2009, Qatar’s National Day. Two days later, Qatalum’s first electrolysis cell started production of liquid aluminium metal. This marked the historic beginning of aluminium production and exports from the State of Qatar, confirming Qatalum’s ability to deliver its product within budget and with an excellent environmental and safety standard. Full production capability was reached in September 2011.

Used in a variety of industries including automotive, construction, engineering and manufacturing, Qatalum’s aluminium

6644 Annual Report

QatarQatar PetroleumPetroleum InternationalInternational Ltd.Ltd. (QPI)(QPI)

PI’s strategy for growth is focused on to achieve QPI’s strategic goals and to Qbusinesses which have a strong fit with realize optimal returns to QP and the State QPI’s objectives of value creation and optimal of Qatar. G&P will affect this by continuing risk-adjusted returns, and 2011 was an important to handle the duty and maintain the year in pursuing these objectives. country’s interests as Qatari shareholders in the Terminals in all business aspects. An 2011 Activities example of this is the possible South Hook power co-generation project currently • For the Longan Vietnam project, QPI has under discussion. planned the signing of the Investment Agreement in early January 2012 to be • In addition to potential GCC power followed by the signing of a feedstock generation projects, G&P is actively pursuing supply agreement with Tas weeq and a joint investments in other related opportunities, venture agreement with SCG/Petro Vietnam especially those that enhance the value of in February 2012. Qatari LNG.

• QPI continues to develop other downstream • QPI had signed an MoU agreement with projects in China, which are in different Centrica plc to actively pursue energy stages of the feasibility study. The site related invest ments together. selection issue has already been resolved for its refining and petro chemical project in Future Plans China. As part of its ongoing growth strategy, QPI will • QPI’s Downstream Directorate continues to continue to: explore other downstream opportunities in • Build a balanced upstream portfolio of Asia and Africa. exploration, development and production • QPI Upstream has farmed-in two onshore assets; exploration blocks in Mauritania (Blocks • Monetize future Qatari LNG and gas Ta7 and Ta8). Total, with a 60% interest, is through investments in power generation the operator of the blocks, with QPI and and other midstream assets; Sonatrach each holding a 20% interest. In 2010, the Total Mauritania joint venture • Investigate opportunities to monetize drilled one exploration well, with the results available crude oil, condensate and still currently under assessment. Technical LPG production through investments in preparations are underway for an other world-class petrochemical/refinery facilities exploration well in 2012. abroad.

• As part of achieving QPI’s upstream strategy, various Memoranda of Understanding have QPI’s focus in 2012 will be on building its been signed around the globe particularly upstream portfolio through the acquisition of with international and national oil production and development-oriented assets, companies and governments to ensure and QPI Upstream is actively pursuing these the development of potential investment investments. opportunities.

• QPI’s Gas and Power Group (G&P) focuses on managing the three LNG regasification plants of QP (South Hook in the UK, Golden Pass in the USA, and Adriatic in Italy, all of which are collectively known as the “Terminals”). G&P is stewarding these assets

6655 Annual Report

GulfGulf DDrillingrilling IInternationalnternational LLtd.td. ((GDI)GDI)

ulf Drilling International Ltd. (Q.S.C.) (GDI) is a Incidents Rate (TRIR) of 0.51 compared to world-class provider of safe and innovative the IADC average of 0.70. drillingG services. GDI was established in May 2004 • GDI achieved its lowest ever recordable and specializes in the provision of onshore and downtime results. offshore drilling services to major oil and gas • GDI signed a one-year contract extension companies in Qatar. with QP for Al-Zubarah. • GDI received the most improved rig award GDI started as a joint venture between Qatar for Al-Khor from Shell in their Global Rig Petroleum (QP), and Japan Drilling Co. Ltd. ranking scheme, placing the company in (JDC), a Japanese drilling company with more the upper quartile of Shell’s global rig fleet. than 40 years of offshore experience, with a • GDI added a new accommodation paid-up capital of US$103.2 million. In July 2007, rig, “Zikreet,” to its fleet, and it signed a QP acquired a further 25% of JDC’s shares, long-term contract with RasGas. raising its ownership in GDI to 70%. In February • It completed life extension refurbishment 2008, the shares of QP were transferred to Gulf work for Al-Doha. International Services (GIS), which owns 100% of • GDI reached its best ever Qatarisation shares in Gulf Helicopters and Al Koot Insurance results with over 10% of the current Company, in addition to GDI. workforce comprising of Qatari nationals. • GDI participated in the 20th World GDI is a growth-oriented company. Petroleum Congress (WPC) exhibition, the In just eight years (from 2004 to first ever to be held in the Middle East. 2012), GDI’s rig fleet has grown to ten and its workforce has increased GDI’s Future from 100 to 890 employees, including 84 Qatari nationals, GDI has a bright and exciting future ahead, equivalent to 10% of the total having laid a solid foundation for continued workforce. Its current operating growth, expansion and profitability. The rig fleet consists of five offshore company is embarking on a USD$0.5-billion jack-up drilling rigs, four land rigs expansion plan. It has begun construction on and one accommodation jack-up two hi-spec premium jack-up rigs, which are rig. GDI has placed an order to currently being constructed by Keppel FELS. GDI build two new jack-up drilling rigs has also firmly placed an order with LANCO in Singapore, and these will be put in the U.S for the construction of two 1,000HP into operations by early 2014 and work-over land rigs, which once completed will 2015, respectively. In addition, two start work for QP later this year. The expansion new land rigs are currently being of the GDI fleet will allow it to continue to grow constructed in the U.S. and are due its market share in Qatar and decrease the for delivery in September 2012 and average age of its rig fleet. December 2012, respectively, in GDI has also successfully made its first steps Doha. into its ambitious diversification plan. It has recently acquired “Zikreet,” a drilling rig that GDI currently holds 45% of the offshore rig has been converted for accommodation duty. market and 100% of the onshore rig market The company has further plans to build on the share in the State of Qatar. The company has success of Zikreet and it plans to pursue other also diversified into other growth areas, such as opportunities with the intent of becoming a accommodation services, and it is also pursuing leading jack-up accommodation services the provision of lift boat services to complement provider in Qatar. its existing operations. With GDI’s fleet currently working at 100% GDI’s Achievements in 2011 utilization and with the recent upward turn in day rates, the next few years are set to be very GDI enjoyed a very strong year in 2011 and promising for the company. When the new achieved several significant milestones and ac- drilling rigs enter its fleet in 2014, GDI’s market complishments in the following areas: share is set to rise to over 50% with five state-of- • GDI finished 2011 with its best safety record the-art cyber rigs, which will be able to drill the ever with a combined Total Recordable most complex wells in Qatar.

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QATAR PETROLEUM INVESTMENT PORTFOLIO

70%

RASGAS 3 RLOC 52.5% 70% 100% 44.5% QAFCO SOUTH HOOK QP RASGAS 3 GAS 67.1% 67.5%

35.6% RASGAS 2 SOUTH HOOK 51% 70% LNG TERMINAL QATOFIN 51% SEEF 70% 63% QCHEM 2 70% QCHEM 1 RASGAS RASGAS COMPANY 100% 100% INDUSTRIES RASGAS 1 QATAR GROUP OF GOLDEN QP GAS QP LNG PASS LNG TRADING PETROCHEMICALS COMPANIES SERVICES TERMINAL QG II QG II 100% 56% FERTILIZERS QATAR US 70% 70% 93% QPI TERMINAL QAPCO 100%

INDUSTRIES BARZAN GAS GOLDEN QATAR COMPANY LNG 100% PASS LNG 73% TERMINALS PIPELINE QTL US 35% QATAR VINYL HOLDING COMPANY 100% LIQUEFIED 100% QAFAC NATURAL GAS QTL US QATAR SERVICE TERMINAL COMPANY COMPANY

50% 22%

ASTAD ADRIATIC 51% 70% TERMINAL 51% QATAR GAS OPERATING QATEX 51% ORYX GTL 67.5% 30.5% LAFFAN OTHER REFINERY 65% QATAR GAS 2 INVESTMENTS GASAL QATAR GAS QATAR GAS UPSTREAM GROUP OF COMPANIES 100% GULF 100% INTERNATIONAL 50% SERVICES AMWAJ METALS 30% QP QATAR GAS (3) AL SHAHEEN 68.5% WEATHERFORD AL KOOT 30% 65% QATAR HOLDING QATAR GAS 3 AL SHAHEEN 100% INTERMEDIATE 100% HOLDING INDUSTRIES INDUSTRIES 100% 70% QATAR QATAR GAS QP QATAR GAS (4) DOWNSTREAM 50%

21% 30% QATALUM 70% SUBSIDIARIES GULF DRILLING 50% GULF INTERNATIONAL HELICOPTERS 70% ALSHAHEEN GE QATAR GAS 4 JOINT VENTURES SERVICES COMPANY QASCO 80% 100% 100% SUBSIDIARIES OF QP SUBSIDIARIES

AL SHAHEEN SEEF AL SHAHEEN JOINT VENTURES OF QP SUBSIDIARIES ENERGY ENERGY SERVICES (UK) SERVICES (US)

www.qp.com.qa Effective shareholding of Qatar Petroleum as of December 2011