The effect of oil and gas on Qatar's economy Research Paper

The effect of oil and gas on Qatar's economy - Research Paper Example The research findings and analysis could be used to determine the influence of the oil and gas sector on the economy of Qatar and the trend of economic performance of the country over the last few decades. Qatar was merely a pearl fishing center until 1940 when the oil and gas fields were explored in the country for production and extraction of oil and natural gas. The oil and gas sector in Qatar is one of the major contributors to the economy of Qatar. The petroleum industry in the oil and gas sector has a share of 60% of the gross domestic product of Qatar. The country earns 85% of its export from the sale of oil and gas extracted in the geographical boundaries of the country. It has been found that the government earns 70% of the total revenues from the oil and gas sector of the country. The oil and gas sector of Qatar has given the country the highest per capita GDP among the nations in the world. Qatar has huge volumes of proven oil and gas reserves amounting to a volume of 15 b illion barrels that is expected to provide a sustainable economic output of the country for the coming 23 years. The natural gas of Qatar amounts to a reserve exceeding 7000 cubic kilometer which forms 5% of the total natural gas reserves in the world. Qatar ranks third in the capacity of natural gas reserves in the world. The economic performance of Qatar over the last decades have been presented below in tabular form in terms of GDP, currency conversion rate with respect to the GDP, inflation index and the per capita income of the country.

Execitove Summary for Riordan Manufacturing Essay

Execitove Summary for Riordan Manufacturing - Essay Example uch as Operations, Finance and Legal Counsel, with Vice Presidents of various departments such as Transportation, Sales and Marketing, Human resources, Finance, Product Support and Information Services. Each operating entity of Riordan Manufacturing has its own Finance and Accounting System, however compliance with new Government reporting systems has proved to be a costly, labor intensive process. Another problem faced by the Company is in terms of the F&A systems compatibility among the various entities, so that part of the data generated is relegated into hard copies involving labor intensive, costly work. These are two of the most significant problems the Company faces, for which effective solutions must be developed. Riordan has 15 to 20 major, regular customers for its products, of which the U.S. Government is one, with several additional minor customers. Sales and customer data is available to every member of the Sales and Marketing team and the Company also maintains profit and loss statements of all the items that are sold. Sales initiatives include discounts for key customers, sales promotions, public relations, tradeshows and sponsorships, among others. The Company invests annually in marketing research by conducting research in brand development, opportunity studies and by using customer focus groups. The current projected annual earnings of the Company are $46 million, however the Marketing Department has set a target of $50 million in revenues to be achieved in the next two years. The new Sales Promotional approach focus on two major aspects (a) increased sales to existing customers and (b) expanding the sales outreach to new customers. Old customers are to be subdivided on the basis of the size of the accounts, customer needs for the large accounts will be thoroughly assessed, and they will be provided with RFP updates such that these can be developed around Riordan products. Riordan employees will develop sales growth plans for individual