Qatar Energy is a state-owned public corporation established by Emiri Decree No. 10 in 1974. Qatar Energy is responsible for all phases of the oil and gas industry in the State of Qatar. The principal activities of Qatar Energy, its subsidiaries and joint ventures are the exploration, production, local and international sale of crude oil, natural gas and gas liquids, refined products, synthetic fuels, petrochemicals, fuel additives, fertilizers, liquefied natural gas (LNG), steel and aluminum. Each of these activities is underpinned by transparency, innovation and high standards of quality and service.
Qatar Energy became a new EITI supporting state-owned enterprise (SOE) in 2019. It has gone through a remarkable transformation over the past few years as it endeavours to achieve its ambitious vision: “To become one of the best national oil companies in the world, with roots in Qatar and a strong international presence.” Part of this transformation has included redefining Qatar Energy’s strategy and values, which are provided here. Its six core values are: safety, integrity, respect, excellence, responsibility and collaboration.
Qatar Energy recognizes that in today’s global environment all organisations need to conduct themselves in a principled and legally compliant manner. Qatar Energy is committed to achieving the highest standards of business practice. Qatar Energy’s newly launched Code of Conduct outlines how the enterprise has committed to ethical behaviour and building and supporting a strong culture of collaboration, integrity and trust. In particular, Qatar Energy supports the State of Qatar’s National Vision 2030 of balancing accomplishments that achieve economic growth with the human and resource needs of the people of Qatar.
Furthermore, Qatar Energy is committed to ensuring that it is free from any form of corruption and works proactively to ensure that it complies with all applicable laws and international conventions. In addition, Qatar Energy focuses on business relationships built on trust and transparency and seeks to work with business partners who share similar values. Qatar Energy will not knowingly work with business partners who violate the law, compete dishonestly or use unfair business practices.
In line with Qatar Energy’s strategy and values, and as reflected in its Code of Conduct, Qatar Energy is committed to supporting the EITI in the countries where it operates and to promoting transparency throughout the extractive industries.
Read more about the company's sustainability efforts on their website.