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Qatar, Exxon to study petchem plant at Ras Laffan
DOHA - Qatar Petroleum (QP) and the chemical arm of United States major ExxonMobil are looking to build a major petrochemical project in the Gulf energy producer's industrial city of Ras Laffan.
Qatari Oil Minister Abdullah Al-Attiyah and Daniel Sanders, president of ExxonMobil Chemical Co, signed a statement of intent yesterday to study schemes for an ethane-based cracker and ethylene derivatives complex, the firms said in a statement.
The proposed petrochemical complex would use ethane from new gas projects in Qatar's giant North Field and supply products to Asia and Europe.
Exxon and QP have a long-running relationship, further strengthed by a $12 billion liquefied natural gas (LNG) deal struck last October to ship 15.6 million tonnes of natural gas annually to help quench the United States thirst for liquefied natural gas imports.
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