Middle East Economic Survey
HoA Signed For $800Mn Qafac-2 Project
The Qatar Fuel Additives Company (Qafac) on 26 December 2004 signed a heads of agreement (HoA) with the partners of the $800mn Qafac-2 project. Industries Qatar (IQ) will hold 50% of the new methanol and ammonia plant, which will be located in Messaieed. IQ will head a new joint venture company established specifically to oversee the project. Other partners include Opic Netherlands Antilles NV...