Qatar has scrapped both its key petchems expansion projects – totaling $12.5bn. The emirate is not immune to spending cuts in the face of collapsing oil prices.
Qatar Petroleum and Shell have decided not to proceed with the Al-Sejeel ethylene glycol project at Ras Laffan, which was expected at the time of the front-end engineering design (FEED) award to cost $6.5bn. The decision means that the bulk of Qatar’s planned petrochemicals expansion has now been effectively scrapped, following September’s decision to “put on hold” the $6bn Al-Sejeel polymers project. (CONTINUED - 738 WORDS)