ExxonMobil In Talks to Quit Qatar Petchem Project

Sources in Qatar have confirmed to CW that ExxonMobil Chemical is on the verge of exiting a previously announced multibillion-dollar petrochemical joint venture project at Ras Laffan, Qatar. The information is “still confidential,” the sources say. ExxonMobil declined to comment. Ras Laffan: Who will build the next Qatar cracker? Qatar Petroleum (QP; Doha) selected ExxonMobil Chemical last January from among several contenders, including Total Petrochemicals and Shell Chemicals, as QP’s partner in the...

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