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ConocoPhillips considers investment in Qatar

December 13/2010

(Plastemart) -- Energy major ConocoPhillips is looking at opportunities to invest further in Qatar's LNG and petrochemical industries besides working with QP on joint energy projects abroad, global CEO Jim Mulva has said, adding that "Qatar is a high priority country for ConocoPhillips."

The company has successfully invested billions of dollars in liquefied natural gas and petrochemical projects. ConocoPhillips has collaborated with Qatar Petroleum since 1997 with the establishment of the Q Chem I joint venture. ConocoPhillips has since participated with Qatar in the Q Chem II and RLOC petrochemical ventures through its 50% ownership in ChevronPhillips Chemicals.


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