Oil major Shell has invested $20bn over the past five years in Qatar, CEO Peter Voser has revealed. Speaking at the 20th World Petroleum Congress in Doha, Voser said that the country’s vibrant and investor-friendly business climate had allowed it to make major strides in maximising its resources and developing energy infrastructure.
Voser noted that Qatar fulfilled its aim to become the LNG capital of the world last year, reaching production capacity of 77 million tons and building the world’s largest LNG trains and tankers. “Shell is honoured to have played a role in this achievement, as a shareholder in Qatargas 4, and as the provider of operations and maintenance services to the Nakilat LNG fleet,” he said.
“More recently, Qatar also embraced the vision to become the world leader in gas-to-liquids, or GTL. Just two weeks ago, we joined with our partner Qatar Petroleum to fulfil that vision as the Emir H H Sheikh Hamad bin Khalifa Al Thani, inaugurated Pearl GTL,” added Voser. “The visionary leadership of the Emir, together with this nation’s pioneering spirit, have made such achievements possible.”
Voser noted that the company has just signed a heads of agreement with Qatar Petroleum to build a new petrochemicals complex. The project will feature a 1.5 million tonnes per year MEG plant, the largest ever built, and a mixed feed cracker.
PetrolWorld 08122011
|
