Leading liquefied natural gas (LNG) exporter Qatar plans to spend $25 billion on expanding its domestic petrochemical industry over the next decade, an official said.
Qatar News Agency cited Energy Minister Mohammed Al-Sada saying earlier this month the country planned to more than double its annual petrochemical production capacity from 9.2 million tons now to 23 million tons by 2020.
“In the hydrocarbon area, we are now focusing on petrochemicals,” Abdulrahman Al-Shaibi, managing director of the Qatar Financial Center Authority, said.
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