Total Petrochemicals, Qatar Petroleum discuss cracker project
23 November 2010 11:23 [Source: ICIS news]
LONDON (ICIS)--Total Petrochemicals and Qatar Petroleum are in early discussions about a cracker project in
“We’re in discussions with the Qataris about the project but it’s still in the very early stages,” said Graeme Burnett, Total Petrochemicals’ senior vice president for Asia and the
“We hope to have some clarification by early next year.”
The mixed-feed cracker would probably be located in the north of
The exit of US-based ExxonMobil from its proposed joint-venture cracker project with Qatar Petroleum, according to industry sources familiar with the matter, has improved prospects for participating in a new cracker project in
In addition, earlier this year, South Korea-based Honam Petrochemical also backed out of a plan to build a cracker complex with Qatar Petroleum.
“ExxonMobil has exited the cracker project in
Over the last few years, a number of players have expressed an interest in investing in
ExxonMobil would not confirm that it has exited the Qatar project. “It is our practice not to comment on rumours or speculation,” said a spokesman.
Total Petrochemicals, based in
Total Petrochemicals holds 22.2% of Ras Laffan Olefins through its participations in Qatar Petrochemical Co (QAPCO) and Qatofin.
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By: Anna Jagger
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