Middle East Economic Survey

VOL. L

No 9

26-Feb-2007

QATAR

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...