Exxon Mobil (XOM.N) signed a deal with state-run Qatar Petroleum to develop a multi-billion dollar petrochemical complex to supply Asian markets, the two companies said in a statement on Wednesday.
Qatar is the world's largest producer of liquefied natural gas (LNG) and Exxon is the largest foreign investor in the Gulf Arab state. Exxon has stakes in several of Qatar's LNG projects.
The petrochemical plant in the industrial city of Ras Laffan was expected to start in the fourth quarter of 2015, the statement said. That was a three-year delay on the previous schedule, after years of studies and negotiations between the two companies following an initial deal in 2005.
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