Middle East Economic Survey

VOL. XLVIII

No 21

23-May-2005

QATAR

ExxonMobil, QP Move Ahead On $2Bn Ras Laffan Petrochems Complex

ExxonMobil and Qatar Petroleum (QP) have signed a heads of agreement to build a planned $2bn petrochemicals complex at Ras Laffan following the completion of a economic feasibility study (MEES, 5 July and 15 November 2004). The plant is expected to produce some 1.6mn tons/year of ethylene, which would be further processed to obtain 420,000 t/y of linear low-density...