Honam Petrochemical to invest US$390 mln in Qatar

19-Jul-07
South Korea's Honam Petrochemical Corp. has earmarked an investment outlay of US$390 mln in a joint project to build a petrochemical plant in Qatar. An agreement has been signed between Honam Petrochemical and Qatar Intermediate Industries Holdings Company Ltd., a wholly-owned unit of Qatar Petroleum, for a US$2.6 bln project. Investment outlay by Qatar Intermediate Industries will total to the tune of US$910 mln.
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