Oil & Gas
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Qatar Petroleum (QP) and Qatar Petrochemical Company Limited (QAPCO) have signed today the technology license contracts for the Al Sejeel Petrochemical Complex, which will be built in Ras Laffan Industrial City. QP and QAPCO signed in February 2012 the Heads of Agreement (HoA) to jointly develop this mega-petrochemical complex in Ras Laffan, with QP and QAPCO holding 80% and 20% equity interest, respectively. The Al Sejeel Petrochemical Project is scheduled for completion in 2018 and it will feature a world-scale mixed-feed steam cracker, with the original mixed feedstock of ethane, butane, and naphtha, thus allowing extra flexibility and diversity in terms of products. With the signing of the technology agreements, the Al Sejeel plants will be designed to produce 2.2 million MTPA of polymers, including PE and PP resins.