Key Project Shelved As Qatar Shifts Petchems Strategy

Qatar appears to have scrapped the key $6bn Al-Sejeel Polymers Project only days after a major management shake-up at state oil and gas giant Qatar Petroleum.

State petrochemicals and steel investor Industries Qatar (IQ) says the 2.2mn tons/year, $6bn Al-Sejeel polymers complex at Ras Laffan “has been put on hold, and that a new downstream petrochemical project that is expected to yield better economic returns is instead under study.”

Al-Sejeel was to be developed jointly by Qatar Petroleum (QP - 80%) and Qapco (20%),with QP providing feedstock. Qapco is itself a subsidiary of IQ which has an 80% stake in the petrochemicals producer. France’s Total holds the remaining 20% share of Qapco. (CONTINUED - 752 WORDS)

DATA INSIDE THIS ARTICLE

table Qatar Petchems Capacity