Qatar’s economic prosperity is derived from the extraction and export of petroleum discovered in 1939 and first produced in 1949 and natural gas. Before World War II Qatar’s population engaged in pearling, fishing, and some trade (with little exception the only occupations available) and was one of the poorest in the world. By the 1970s, however, native Qataris enjoyed one of the highest per capita incomes in the world, despite subsequent declines in income due to fluctuations in world oil prices. Qatar’s original oil concession was granted to the Iraq Petroleum Company (IPC), a consortium of European and American firms. This and
Like most armed conflicts the Ukrainian war intends to establish hegemony over a certain area, in rivalry with other usurpers. Russian propaganda pinpoints the US and EU as Russia’s main adversaries
A look at the key commercial and regulatory issues facing the oil sector in Iraq, including a market overview, government policy, primary legislation and regulatory bodies.
Calouste Gulbenkian was a British-Armenian oil magnate and philanthropist who had a net worth equal to $8.6 billion at the peak of his life, after adjusting for inflation. Without adjusting for inflation, Calouste's fortune was estimated to be worth $200 - .