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final investment decision (FID)

QP and Shell completed feasibility study on $6 billion Ras Laffan petrochemical complex Qatar Petroleum (QP) and Shell have completed the feasibility study of the World-scale petrochemicals Complex in in Ras Laffan Industrial City, Qatar Estimated to cost $6 billion capital expenditure this petrochemical complex will be designed around a world-scale steam mixed cracker (ethane or methane) Shell and QP are targeting to benefit from […]

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Sibur to provide Sinopec with patents and technologies China’s top refiner China Petroleum and Chemical Corporation (Sinopec) has signed an agreement with Russian petrochemical Group Sibur to establish a joint venture in Shanghai, China, to produce synthetic rubber. The joint venture will use patents and technologies from Sibur to produce nitrile butadiene rubber (NBR) and isoprene rubber […]

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Statoil validated concept for $4 billion Dagny and Eirin oil and gas fields development       Partners and actual interests in Dagny are split between:  – Statoil 58.5%  – ExxonMobil 33%  – Total 6.5%  – Det norske oljeselskap 2%. The final distribution of ownership interests will be subject to negotiations in the period leading up to […]

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