Middle East Economic Survey

VOL. LI

No 26

30-June-2008

QATAR

QPI, Shell And PetroChina Sign LOI For Refinery And Petrochemical Plant In China

Shell announced on 23 June that it has signed a letter of intent (LOI) with Qatar Petroleum International (QPI) and PetroChina Company to start joint preliminary studies of the viability of building a refinery and petrochemicals complex and marketing its products in China. PetroChina would hold 51% equity in the project, with QPI and Shell holding 24.5% each....