Qatar has inaugurated Q-Chem II - a petrochemicals plant with a production capacity of about 700,000 tpa of polyethylene and olefins at Masaeed industrial city. The plant has been built at an investment outlay of US$1.3 bln. The Q-Chem II plant is expected to add more than 75% to the output capacity of Qatar Chemical Co; a joint venture between Qatar Petroleum Corp (51%) and Chevron Phillips Chemical Co. (49%). Qatar holds the world's third-largest natural gas reserves, estimated at more than 25 trillion cubic meters, after Russia and Iran.
12-Nov-10 
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