Qatar Petroleum and Chevron Phillips Chemical last week agreed to partner on an $8bn US Gulf Coast petrochemicals facility (MEES, 12 July). QP CEO and Minister of State for Energy Affairs Saad al-Kaabi said the move “showcases the momentum of Qatar Petroleum’s international growth strategy, which has taken robust steps in various upstream and downstream activities in many parts of the world.”

Mr Kaabi stated that the venture will “complement Qatar Petroleum’s international portfolio in the United States, which is a core growth area for us as we believe it has great prospects and growth opportunities.” (CONTINUED - 710 WORDS)