Qatar, located in the Middle East, is officially known as the State of Qatar. It is rich in oil and has world's 2nd largest gas reserves. The keystone of the economy of Qatar is petroleum. Exports of natural gas and oil mainly generate their national economy. It is a member of OPEC and GATT. Qatar produces creative energy and it stands as a leader in Liquefied Natural Gas (LNG) sector. The steel production has also been successful and profitable. Industries of Qatar include: crude oil production and refining, petrochemicals, steel reinforcing bars, ammonia, fertilizers, cement and commercial ship repair.