Qatar Petroleum and Exxon Mobil's (XOM.N) planned petrochemical complex will cost about $6 billion, Qatar's oil minister said in a speech carried by the Kuwait's state news agency KUNA.
That was about double the initial estimated cost of the plant. The two companies gave no updated cost estimate when they announced they had signed a deal to build the complex last week. [ID:nLDE60510Q]
The plant would be 51 percent owned by Qatar Petroleum and was due to start up in fourth quarter of 2015. It would include one of the largest ethylene glycol plants in the world, Attiyah said.
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