QATAR

Qatar Earmarks $25Bn For Domestic Petrochemicals Output Expansion

Leading LNG exporter Qatar has allocated a total of $25bn for the expansion of its domestic petrochemical industry over the next 8-10 years. The expansion will be aimed at increasing the country’s petrochemicals output capacity from the current 9.2mn tons/year to 23mn t/y by 2020. “In the hydrocarbon area, we are now focusing on petrochemicals,” Abd al-Rahman al-Shaibi, Managing Director of the Qatar...