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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

Shell and Qatar Petroleum Sign Petchems Deal

6:05 AM MST | December 9, 2011 | —Natasha Alperowicz

A done deal: Shell CEO Peter Voser (l) and Mahammed bin Saleh Al Sada sign agreement. Shell and Qatar Petroleum (QP) have advanced discussions for the development of a previously announced multibillion-dollar petrochemical production joint venture in Qatar. The total investment is estimated at $6.5 billion. The agreement was signed in Doha on December 4 by Mohammed bin Saleh Al Sada, minister of energy and industry of Qatar; and Peter Voser, CEO of Shell. It “sets the scope and commercial principles for the development of a world-scale petrochemicals...

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