PLANS FOR AL KARAANA SCRAPPED

Qatar Today - - AFFAIRS -

The “multi­bil­lion-dollar, world-class petro­chem­i­cals project” which was an­nounced in 2011 has been can­celled af­ter Shell re­leased a state­ment say­ing that the “high cap­i­tal costs ren­dered it com­mer­cially un­fea­si­ble, par­tic­u­larly in the cur­rent eco­nomic cli­mate pre­vail­ing in the en­ergy in­dus­try.” The project, in which QP had an 80% stake, was to come up in the Ras Laf­fan by 2018 and was de­signed to pro­duce an ar­ray of prod­ucts, in­clud­ing mono-eth­yl­ene gly­col, lin­ear al­pha olefins and oxo al­co­hols.

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