Industries Qatar shelves multi billion dollar Al Sejeel petrochemical complex project

19-Sep-14

Industries Qatar has put its multi billion dollar Al Sejeel petrochemical complex project on hold. The oil major is now studying a new scheme instead that would yield better returns. Qatar Petroleum (QP) and Qatar Petrochemical Company (QAPCO) signed an agreement in February 2012 to jointly develop the Al Sajeel mega-petrochemical complex in Ras Laffan, with QP holding an 80% stake and QAPCO owning the rest.