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QatarEnergy, formerly known as Qatar Petroleum, is a state-owned petroleum company of Qatar. It is the largest oil and gas company in the Middle East, with over 240 billion barrels of oil equivalent (boe) in proven reserves. QatarEnergy operates all oil and gas activities in Qatar, including exploration, production, refining, transport, and storage. The company is also a major player in the global LNG market, with plans to expand its LNG production capacity to 110 million tons per annum (MTPA) by 2026.