NPRA '11: ExxonMobil considers Qatar options

28 March 2011 00:31  [Source: ICIS news]

SAN ANTONIO, Texas (ICIS)--ExxonMobil continues to look at its options for petrochemicals production in Qatar but its heads of agreement (HoA) on a world-scale complex with Qatar Petroleum has run its course, ExxonMobil Chemical president Steve Pryor said on Sunday.

“We continue to look at our options with the Qataris,” Pryor said on the sidelines of the NPRA International Petrochemical Conference (IPC). But he said that the companies had finished with the various aspects of their original HoA.

The project proposed under the HoA included the world’s largest steam cracker and polyethylene plants and the world’s largest ethylene glycol plants, ExxonMobil Chemical said at the time.

The US-based company was waiting for a decision from the Qataris to proceed on the project late last year, while Total and Shell appeared to be making progress with cracker projects of their own.

However, press reports suggested that ExxonMobil’s petrochemicals plans had been delayed largely over issues to do with feedstock availability.

Hosted by the National Petrochemical & Refiners Association (NPRA), the IPC continues through Tuesday.

By: Nigel Davis
+44 20 8652 3214

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