In 1935, a 75-year oil concession was granted to the Qatar Petroleum Company, a subsidiary of the Iraq Petroleum Company, which was owned by Anglo-Dutch, French, and U.S. interests.
In the international market, the major customers are Emirates National Oil Co. (ENOC), Glencore, Bakri Trading, Vitol, Mitsui and ITOCHU.
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The first offshore concessions were granted in 1949 to two U.S. companies, the Superior Oil Co. and the Central Mining & Investment Co.
Occidental Petroleum | Qatar Investment Authority | Qatar Airways | Liquefied petroleum gas | King Fahd University of Petroleum and Minerals | Qatar University | Qatar Foundation | Petroleum industry | Dome Petroleum | China University of Petroleum | American Association of Petroleum Geologists | Qatar men's national volleyball team | Phillips Petroleum Company | petroleum industry | Ministry of Petroleum and Energy | Iraq Petroleum Company | Dana Petroleum | University of Petroleum and Energy Studies | Society of Petroleum Engineers | Qatar women's national football team | Qatar SC | Qatar Petroleum | Qatar National Museum | Qatar national handball team | Qatar at the Olympics | Petroleum Road | Nigerian National Petroleum Corporation | National Petroleum Council | Liberia Petroleum Refining Company Oilers | Kuwait National Petroleum Company |
The major shareholders of the company are Qatar Navigation (30%), Qatar Pension Fund (7%), Qatar Foundation for Education, Science and Community Development (5%), Qatar Petroleum (5%), Qatar Education and Health Fund (2%), and Qatar Fuel Company (1%).