Qatar, Shell sign deal for $6.4bn petrochemical plant

  • Share via facebook
  • Tweet this
  • Bookmark and Share
Shell has signed an agreement with Qatar for a petrochemical plant at Ras Laffan

Shell has signed an agreement with Qatar for a petrochemical plant at Ras Laffan

Qatar signed a deal with Royal Dutch Shell on Sunday to develop a $6.4bn petrochemicals complex in Ras Laffan in the Gulf Arab state.

Qatar's energy minister, Mohammed al-Sada, and Shell's CEO Peter Voser signed the heads of agreement in the Qatari capital Doha.

State-run Qatar Petroleum will have an 80 percent stake in the project and Shell the remainder, the companies said.

Qatar is the world's largest exporter of liquefied natural gas (LNG), gas chilled for export by ship.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
How Dubai is helping Ireland's economic push

How Dubai is helping Ireland's economic push

Tourism is now Ireland’s second-largest industry, and is playing...

Capital plans: how Qatar's banks are shaping up

Capital plans: how Qatar's banks are shaping up

Ahli Bank chief executive Salah Murad says that despite competition...

Mall talk

Mall talk

Plans for Dubai’s Mall of the World have made headlines all over...

1
Most Discussed