{"id":3424,"date":"2023-01-11T13:42:31","date_gmt":"2023-01-11T12:42:31","guid":{"rendered":"https:\/\/a2kadvisory.com\/?p=3424"},"modified":"2023-01-12T21:40:12","modified_gmt":"2023-01-12T20:40:12","slug":"qatarenergy-chevron-phillips-ink-6-bln-ras-laffan-petrochemicals-deal","status":"publish","type":"post","link":"https:\/\/a2kadvisory.com\/fr\/2023\/01\/11\/qatarenergy-chevron-phillips-ink-6-bln-ras-laffan-petrochemicals-deal\/","title":{"rendered":"QatarEnergy, Chevron Phillips ink $6 bln Ras Laffan Petrochemicals deal"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"3424\" class=\"elementor elementor-3424\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e642742 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e642742\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3800c0a2\" data-id=\"3800c0a2\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3ce3a7d8 elementor-widget__width-auto elementor-view-stacked elementor-shape-circle elementor-widget elementor-widget-icon\" data-id=\"3ce3a7d8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<div class=\"elementor-icon\">\n\t\t\t<i aria-hidden=\"true\" class=\"far fa-thumbs-up\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7078af5 elementor-widget__width-auto elementor-view-stacked elementor-shape-circle elementor-widget elementor-widget-icon\" data-id=\"7078af5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<div class=\"elementor-icon\">\n\t\t\t<i aria-hidden=\"true\" class=\"fas fa-comments\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-40852451 elementor-widget elementor-widget-text-editor\" data-id=\"40852451\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div id=\"single-post\" class=\"container my-4\" data-post-id=\"1043168\"><div class=\"site-content single\"><div class=\"single\"><div class=\"post-inner-content row\"><div class=\"col-lg-8 order-0\"><p>QatarEnergy CEO and Qatar&#8217;s Minister of Energy Saad al-Kaabi attends a signing ceremony with Sinopec, in Doha, Qatar, November 21, 2022. REUTERS\/Imad Creidi<\/p><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-47002b6d elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"47002b6d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-632a5ec9 elementor-widget elementor-widget-text-editor\" data-id=\"632a5ec9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div id=\"single-post\" class=\"container my-4\" data-post-id=\"1043168\"><div class=\"site-content single\"><div class=\"single\"><div class=\"post-inner-content row\"><div class=\"col-lg-8 order-0\"><p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI\" data-testid=\"paragraph-0\">DOHA, Jan 8 (Reuters) &#8211; (This Jan. 8 story has been refiled to correct spelling of &#8216;Phillips&#8217; in the first paragraph, and spelling of QatarEnergy chief&#8217;s name in the third paragraph)<\/p><p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI\" data-testid=\"paragraph-1\">QatarEnergy announced on Sunday the final investment decision on the $6 billion Ras Laffan Petrochemicals Complex with partner Chevron Phillips Chemical which is expected to be the largest of its kind in the Middle East.<\/p><p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI\" data-testid=\"paragraph-2\">The complex, expected to begin production in 2026, includes an ethane cracker with a capacity of 2.1 million tonnes of ethylene per year.<\/p><p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI\" data-testid=\"paragraph-3\">The integrated complex will also include two high-density polyethylene derivative units with a total production capacity of 1.7 million tonnes per year, QatarEnergy chief Saad al-Kaabi said.<\/p><p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI\" data-testid=\"paragraph-4\">Originally announced in 2019, the project highlights how Middle East oil producers are expanding further into petrochemicals, used in the production of plastics and packaging materials, to move into new markets and find new sources of income beyond exporting crude oil and natural gas.<\/p><p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI\" data-testid=\"paragraph-5\">State-run QatarEnergy will hold a 70% stake in the venture with Chevron Phillips Chemicals holding 30% under the agreement signed on Sunday.<\/p><p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI\" data-testid=\"paragraph-6\">&#8220;This marks QatarEnergy&#8217;s largest investment ever in Qatar&#8217;s petrochemical sector,&#8221; Kaabi said.<\/p><p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI\" data-testid=\"paragraph-7\">The complex, located in Ras Laffan industrial city, is an &#8220;important milestone&#8221; in Qatar&#8217;s downstream expansion strategy, he said.<\/p><p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X article-body__element__2p5pI\" data-testid=\"paragraph-8\">Qatar, one of the world&#8217;s top producers of liquefied natural gas (LNG), will see its ethylene production capacity double on the back of the new complex. Local polymer production will also increase from 2.6 million to 4 million tonnes per annum.<\/p><p data-testid=\"paragraph-8\">The Gulf state, one of the most influential global players in the world&#8217;s LNG markets, is expanding its North Field gas that will see its liquefaction capacity increase from 77 million tonnes per annum to 126 million tonnes by 2027.<\/p><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7bed257c elementor-widget elementor-widget-text-editor\" data-id=\"7bed257c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div id=\"single-post\" class=\"container my-4\" data-post-id=\"1043168\"><div class=\"site-content single\"><div class=\"single\"><div class=\"post-inner-content row\"><div class=\"col-lg-8 order-0\"><p>Source :<a href=\"https:\/\/www.reuters.com\/business\/energy\/qatarenergy-chevron-phillips-sign-agreement-6-bln-ras-laffan-petrochemicals-2023-01-08\/\" target=\"_blank\" rel=\"noopener\"> reuters.com<\/a><\/p><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>QatarEnergy announced on Sunday the final investment decision on the $6 billion Ras Laffan Petrochemicals Complex with partner Chevron Phillips Chemical which is expected to be the largest of its kind in the Middle East.<\/p>","protected":false},"author":1,"featured_media":3432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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data-secret=\"kxEM5UAcJ1\"><a href=\"https:\/\/a2kadvisory.com\/fr\/2023\/01\/11\/qatarenergy-chevron-phillips-ink-6-bln-ras-laffan-petrochemicals-deal\/\">QatarEnergy, Chevron Phillips ink $6 bln Ras Laffan Petrochemicals deal<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/a2kadvisory.com\/fr\/2023\/01\/11\/qatarenergy-chevron-phillips-ink-6-bln-ras-laffan-petrochemicals-deal\/embed\/#?secret=kxEM5UAcJ1\" width=\"500\" height=\"350\" title=\"\u00ab\u00a0QatarEnergy, Chevron Phillips ink $6 bln Ras Laffan Petrochemicals deal\u00a0\u00bb &#8212; A2k Advisory | Business advisory\" data-secret=\"kxEM5UAcJ1\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script>\n\/*! 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