Qatar, Shell sign deal for $6.4bn petrochemical plant

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.

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