Qatar gas-to-liquids deal shelved

Qatar Petroleum and ExxonMobil Corp had announced the $7bn project in July 2004.

    Qatar Petroleum is actively pursuing a number of world-scale gas-to-liquids conversion projects [AP]

    A statement from ExxonMobil said: "The two entities [Qatar Petroleum and ExxonMobil] have collectively decided not to progress the gas-to-liquids project and instead to pursue the development of the Barzan Project in the North Field."

     

    The gas project had been expected to start production by 2011.

     

    Qatar Petroleum has, however, offered the US firm participation in the Barzan gas project, as well as offering participation rights in all future phases of the project to ExxonMobil Middle East Marketing Ltd, ExxonMobil said.

     

    "The Barzan Project is a very important strategic project for Qatar," Abdullah bin Hamad al-Attiyah, Qatar's energy minister, was quoted as saying in ExxonMobil's statement.

    SOURCE: Agencies


    YOU MIGHT ALSO LIKE

    John Pilger Q&A: 'US missiles are pointed at China'

    John Pilger Q&A: 'US missiles are pointed at China'

    Journalist John Pilger thinks the US and China might be on the path to war. "My film is a warning," he says.

    Why Jerusalem is not the capital of Israel

    Why Jerusalem is not the capital of Israel

    No country in the world recognises Jerusalem as Israel's capital.

    Sadly but frankly, Donald Trump is not going anywhere

    Sadly but frankly, Donald Trump is not going anywhere

    Trump isn't going to be impeached by this or perhaps any future Congress as currently constituted.