Qatar Petroleum has signed an agreement with Chevron Phillips Chemical to build ...
DOHA - Qatar Petroleum has signed an agreement with Chevron Phillips Chemical to build a new petrochemicals complex, part of plans by the world’s top liquefied natural gas exporter to broaden its energy interests.
Saudi Arabia’s and UAE’s national oil companies have both already announced plans to boost their refining capacity and petrochemicals operations. “The decision was driven by the ongoing development of the expansion project of the North Field ... which will yield significant quantities of ethane which can be used as feedstock,” Kaabi said.
Qatar has since charted a more independent course in the region, leaving OPEC last year and striking new trade deals, while putting more focus on its traditional strength in energy with QP’s North Field expansion and acquisitions of energy assets abroad.
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