Middle East Economic Survey

VOL. LIV

No 38

19-Sep-2011

Bankers Shrug Off Downturn To Finance Qatars $10Bn Barzan Gas/NGL Project

Qatars 1.4bn cfd capacity Barzan gas development project, which is costing a total of $10.2bn (including finance charges), looks set to match the low pricing Saudis Satorp secured last year. Barzan will boost the countrys already climbing NGL output which will include 500,000 b/d of condensate and 10.7mn tons/year of LPG by the end of 2011. It will start up in 2014...