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

    Israel’s settlements: 50 years of land theft explained

    Israel’s settlements: 50 years of land theft explained

    On the anniversary of UN Resolution 242, Al Jazeera explores the illegal Israeli settlement enterprise.

    Robert Mugabe: Portrait of a presidency

    Robert Mugabe: Portrait of a presidency

    Some key moments in the life of the man who led his country from independence in 1980 until November 21, 2017.

    When is Thanksgiving Day and why is it celebrated?

    When is Thanksgiving Day and why is it celebrated?

    In the US, Thanksgiving Day will be celebrated on Thursday, November 23.