Middle East Economic Survey


No 9



QP, ExxonMobil Drop GTL Plans In Favor Of Domestic Gas Supply

Qatar Petroleum and ExxonMobil on 20 February announced that rising costs have forced the abandonment of their planned 154,000 b/d GTL project in Qatar in favor of an upstream project that will provide gas for the emirates fast-growing domestic requirements. The Barzan gas project will be carried out by a joint venture comprising QP (90%) and ExxonMobil (10%). We understand that...