(plastemart) -- Qatar Petroleum plans to finance projects to the tune of USD10-13 bln in 2014, as reported by Bloomberg.
The projects are likely to include two petrochemical plants and an aromatics complex.
Qatar Petroleum plans to spend as much as USD25 billion over the next five years on projects, including a planned USD6.4 bln petrochemical plant in partnership with Royal Dutch Shell Plc (RDSA) and a USD5.5 bln plant in partnership with Qatar Petrochemical Co, a unit of Industries Qatar.
Qatar Petroleum is a state owned petroleum company in Qatar.
The Qatar Petrochemical Company produces ethylene, low density polyethylene, and sulfur. Its facilities consist of an ethylene plant producing 525,000 tonnes per annum (tpa), two low density polyethylene (LDPE) plants with 360,000 tpa and a sulphur plant with 70,000 tpa.
MRC