Qatar Shelves $6.5bn Al-Karaana Project, QP Rethinking Ethane Usage
Qatar has scrapped both its key petchems expansion projects – totaling $12.5bn. The emirate is not immune to spending cuts in the face of collapsing oil prices.
Qatar Petroleum and Shell have decided not to proceed with the Al-Sejeel ethylene glycol project at Ras Laffan, which was expected at the time of the front-end engineering design (FEED) award to cost $6.5bn. The decision means that the bulk of...