Qatar Petroleum and Shell sign in JV for world-scale petrochem complex

03-Mar-05
Qatar Petroleum (QP) and Shell Chemicals Limited (Shell) have signed a Letter of Intent (LOI) for the development of a world-scale ethane based cracker and derivatives complex in Ras Laffan Industrial City, Qatar, with a start-up date early in the next decade. This marks an important milestone for Qatar in its efforts to diversify its economic base and optimise its considerable hydrocarbon resources to place Qatar among the leading petrochemical producers in the world. Petrochem output from the complex will be marketed into primarily growin Asian markets. QP and Shell will define the technical and commercial aspects of the petrochemical complex and determine the derivatives scope. This project strengthens Shell's commitment to building a strong partnership with Qatar to deliver large-scale projects.
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