Middle East Economic Survey

VOL. XLVIII

No 38

19-September-2005

QATAR

QAFAC Project Financing Delayed

The project financing for Qatar Fuel Additives Companys (Qafac) planned new methanol and ammonia plant (Qafac 2) has been delayed because Qatar Petroleum wants to avoid a bottleneck in the many projects looking for funding, MEES understands. Delays in the front-end engineering and design (FEED) work have also contributed to the hold-up. The request for funding may go out at the end of the year,...