06 November 2008
Qatar Petroleum (QP) will establish the world's biggest petrochemicals project worth $2 billion (Dh7.3bn) with the participation of its subsidiary Qatar Petrochemical Company (Qapco), Chevron Philips Chemical Company and France's Atofina Chemicals.
Half of the project will be constructed in Ras Laffan Industrial City and the other part in Mesaieed Industrial Area.
Qapco's General Manager Hamad Rashid Al Mohannadi said three other petrochemicals projects are being constructed in Qatar.
The cost of petrochemical projects in Qatar decreased considerably after it started to receive ethylene from Al Shama field.
Before that, the industry depended on gas associated with oil production, whose cost is higher, Hamad added.
Qatar Petroleum (QP) will establish the world's biggest petrochemicals project worth $2 billion (Dh7.3bn) with the participation of its subsidiary Qatar Petrochemical Company (Qapco), Chevron Philips Chemical Company and France's Atofina Chemicals.
Half of the project will be constructed in Ras Laffan Industrial City and the other part in Mesaieed Industrial Area.
Qapco's General Manager Hamad Rashid Al Mohannadi said three other petrochemicals projects are being constructed in Qatar.
The cost of petrochemical projects in Qatar decreased considerably after it started to receive ethylene from Al Shama field.
Before that, the industry depended on gas associated with oil production, whose cost is higher, Hamad added.
By Staff Writer
© Emirates Business 24/7 2008
