Thursday, 23 December 2010

Exxon Still Seeks Qatar Chemical Plant After Shell Announcement - Bloomberg

Exxon Mobil Corp. continues to be interested in developing a petrochemical complex in Qatar after Royal Dutch Shell Plc announced plans to help build a monoethylene glycol plant in the emirate.

“We signed a heads of agreement with Qatar Petroleum in January 2010,” Nikolaas Baeckelmans, an Exxon spokesman, said in an e-mail today. “We have progressed work jointly with Qatar Petroleum and are awaiting a decision to proceed.”

Shell, the largest investor in Qatar, signed an agreement with state-run Qatar Petroleum to “jointly study” an estimated $6 billion petrochemicals project at a ceremony in the Qatari capital Doha on Dec. 21.


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