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

    Cricket World Cup 2019 Quiz: How many runs can you score?

    Cricket World Cup 2019 Quiz: How many runs can you score?

    Pick your team and answer as many correct questions in three minutes.

    Visualising every Saudi coalition air raid on Yemen

    Visualising every Saudi coalition air raid on Yemen

    Since March 2015, Saudi Arabia and a coalition of Arab states have launched more than 19,278 air raids across Yemen.

    Remembering Chernobyl

    Remembering Chernobyl

    The fallout from the Chernobyl nuclear power plant explosion remains as politicised as ever, 28 years on.