Qatar Petroleum and Exxon Mobil have signed an MOU for the construction of the biggest ethane-based cracker of its kind in the world. The 1.6-mil mta ethylene cracker is to be built at Ras Laffan in Qatar, at an investment outlay of US$2 billion. Upon completion, the complex is to utilize ethane feedstock from new gas development projects in Qatar's North Field. Construction work is expected to be completed in 2010, and the plant is expected to go on stream in early 2011.
The MOU was the result of the feasibility study commenced last year, to take advantage of Qatar's natural gas reserves. Qatar is the third biggest natural gas reserves after Russia and Iran.
17-May-05 
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