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History of Qatar: The Discovery of Oil. History of Qatar: The Discovery of Oil Last updated on Thursday 22nd April 2010. Petroleum was discovered in commercial quantities in Qatar in 1939 and was first exported in 1949. Oil revenues have given Qatar a substantial income and a high standard of living. Exploratory drilling in Qatar began in 1938 and Oil was discovered in Dukhan on the west coast in 1939. By 1940 Qatar was producing about 4,000 barrels per day.
Timeline: 1  1966: Oil is first discovered in Dubai at the offshore Fateh field. 2  1969: Dubai starts to export of oil. 3  1972: Oil drilling exploration wells begin operations in the field at Falah. 4  1973: A new oil field is discovered at Rashid and production begins in March 1979. 1982: Another oil field was discovered at Margham, production started in 1984. 1999: Dubai government owned Emirates National Oil Company (ENOC) opens the first oil refinery of the company and follows a fully owned subsidiary.