Qatar Petroleum announced on 31 December that it had acquired United Development Company’s (UDC) 20% interest in the Seef petchems firm. Following the transaction, Seef is now wholly-owned by the state firm.
Seef’s linear alkyl benzene (LAB) plant is located in the country’s south eastern Mesaieed industrial hub alongside the 137,000 b/d QP refinery which consists of an 80,000 b/d crude processing unit and a 57,000 b/d condensate splitter. Commercial operations began in March 2006. (CONTINUED - 788 WORDS)