Industries Qatar Q.S.C. (IQ) is a Qatari conglomerate with subsidiaries and investments in the petrochemicals, fertilisers and steel industries. IQ is a 51-percent subsidiary of QatarEnergy. Its shares are traded on the Qatar Exchange and is one of the largest publicly traded companies in Qatar by market capitalisation.[3]
The company's principal investments are Qatar Petrochemical Company (QAPCO) (an 80:20 joint venture with TotalEnergies), Qatar Fuel Additives Company (QAFAC) (50 percent owned, with the remaining shares held by OPIC, International Octane and Taiwan-based LCY Group), Qatar Fertiliser Company (QAFCO) (a 75:25 joint venture with Yara), and Qatar Steel.[4]
QAFCO was established in 1969 as a joint venture between the government of Qatar,