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Qatar Petroleum International, a unit of the emirate’s state-run oil company, plans to build two petrochemical plants costing about $9.8 billion in Asia by 2015 to tap demand in the world’s fastest-growing region. Qatar will partner Cnooc Ltd. and a Chinese petrochemicals maker to construct a $5.8 billion plant in China’s Hainan province, Chief Executive […]

Qatar would like to see costs on three energy projects cut by as much as 40 percent, the country’s oil minister said on Monday. “We are looking to cut costs by 20 to 30 percent,” Oil Minister Abdullah al-Attiyah said at a press conference after the inauguration of a new gas plant. “But 40 percent […]

Exxon Mobil is still in talks with state-run Qatar Petroleum (QP) to build a petrochemical cracker, a senior Exxon executive said on Tuesday. The slump in demand for petrochemicals as global economic activity slows has raised doubts about plans for petrochemical expansion. The Middle East has a slew of projects under contruction and planning as […]

QATAR Airways is one step closer to becoming the world’s first airline to fly on gas-to-liquids kerosene oil as its aircraft engines will be certified for GTL use by the year-end. Certification from the Federal Aviation Agency (US) and European authority concerned for GTL use in Qatar Airways’ aircraft engines was expected by 2009-end, the […]