After stopping natural gas, Qatar’s state-owned company pauses production of more oil derivatives
A announced this Tuesday (March 3, 2026) that it will interrupt the production of part of its derivative products in the State of Qatar. The decision extends the previously announced strike, which the production of LNG (liquefied natural gas).
According to the company, units responsible for manufacturing urea, polymers, methanol, aluminum and other industrial products will be affected. “QatarEnergy is stopping the production of some derivative products in the State of Qatar, including urea, polymers, methanol, aluminum and other products.”he stated in a note.
With the decision, the price of urea dropped from US$ 464,9 on Friday (Feb 27), before the escalation of tension in the Middle East, and reached US$ 530,36 this Tuesday (Mar 3).
Qatar is one of the main global exporters of LNG and also plays a relevant role in the production of fertilizers and petrochemical inputs. Urea is widely used in agriculture as a nitrogen fertilizer, while polymers and methanol are raw materials for the chemical and plastics industry. Aluminum, in turn, is a strategic input for the construction, transport and packaging sectors.
The extension of the strike comes after the suspension of LNG operations at the Ras Laffan complex, one of the largest energy hubs in the world. The unit concentrates a significant part of the country’s export capacity.
The movement increases concerns in the international market about possible impacts on the global supply of energy and industrial inputs. If the interruption continues, analysts estimate that there may be additional pressure on the prices of fertilizers, petrochemical products and metals, in addition to indirect impacts on the cost of food and manufactured goods.
