VOL. XLV

No 25

24-June-2002

QATAR

Qatar SignsAgreements For Three Petrochemical Ventures

TheQatari Oil Minister, 'Abd Allah al-'Attiyah, on 13 June signed joint-venture agreements for theestablishment of three petrochemical ventures in the country. All three arescheduled to commence operations around mid-2007.

The firstproject, to be known as Q-Chem II, has QatarPetroleum (QP) and Chevron Phillips Chemical Company as partners with 51% and49% shares respectively. This venture will set up high...