No 26



Marathon And QP Sign Letter Of IntentFor GTL Project

Qatars Oil Minister Abd Allah al-Attiyah said on 24 June that Qatar Petroleum (QP) had signed a letter of intent with the USs Marathon Oil to pursue a $4.4bn gas-to-liquids project with an eventual capacity of 120,000 b/d. When fully operational, by 2008, diesel will constitute 70% of output and naphtha 30%. Marathon originally presented proposals for a project to produce 80,000 b/d of clean fuels in two...