This law addresses the exploitation of natural wealth and resources, including oil and gas and associated operations. According to Article 2, all natural wealth and resources are owned by the state. As such, no exploitation, transfer or trade of these resources shall be permitted unless within the scope of this law.
The law vests Qatar Petroleum with general and exclusive concession rights. These include rights of reconnaissance, exploration and production of oil and natural gas, as well as hydrocarbon materials and related substances. Qatar Petroleum also has the power to grant any natural or legal person a license to undertake petroleum operations.
This regulation also has provisions on the inspections powers of the Ministry of Energy and Industry as well as applicable penalties.