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ExxonMobile, QP end Ras Laffan agreement
10 August 2010: Qatar Petroleum (QP) and ExxonMobil have formally ended an agreement to develop a $6 billion (approx Rs 27,600 crore) petrochemicals facility at Ras Laffan.
The two firms signed a renewed agreement to develop the project in January, following plans to study the feasibility of such a project, first made public in 2004. Designs for the complex included a 1.6-million-tpa steam cracker, two 650,000- tpa gas phase polyethylene plants and a 700,000- tpa ethylene glycol plant. The steam cracker and the polyethylene plants were set to be the largest of their kind in the world.
Source: Ameinfo