Middle East Economic Survey

VOL. XLIX

No 1/2

2/9-January-2006

QATAR

QP And Honam Plan $3.3Bn Petrochemical Project

Qatar Petroleum (QP), on behalf of Qatar Holding Intermediate Industries Company (Waseeta), on 29 December 2005 signed a memorandum of understanding (MOU) with South Koreas Honam Petrochemical Corporation to jointly establish a QR12bn ($3.3bn) petrochemical project at Messaieed Industrial City. A joint venture agreement (QP 70%, Honam 30%) will be signed later this year, and the 1.7mn...