Middle East Economic Survey
QP And Shell To Develop $6.5Bn Petchem Complex
Qatar Petroleum (QP) and Royal Dutch Shell signed a heads of agreement on 4 December to jointly develop a $6.5bn petrochemical complex in Ras Laffan Industrial City. Signed in Doha by Qatars Minister of Energy and Industry Muhammad al-Sada and Shell CEO Peter Voser, the agreement gives state-owned QP an 80% stake in the new facility and Shell 20%. The agreement follows a joint...
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