Qatar, ExxonMobil plan petrochemical plant

Qatar Petroleum and ExxonMobil Corp. have signed an initial deal to build a $2 billion petrochemical plant in Ras Laffan Industrial City, Qatar News Agency said.

May 19, 2005

By OGJ editors

HOUSTON, May 19 -- Qatar Petroleum and ExxonMobil Corp. have signed an initial deal to build a $2 billion petrochemical plant in Ras Laffan Industrial City, Qatar News Agency said.

The companies are expected to sign a letter of intent in July and a final contract in 2006.

The proposed facility will produce 1.6 million tonnes/year of ethylene products in 2011, the news agency said. It will use ethane from natural gas produced from Qatar's supergiant North field and supply Asia and Europe.