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Article: QATAR - ExxonMobil GTL.
- Article from:
- APS Review Downstream Trends
- Article date:
- September 5, 2005
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ExxonMobil and QP on July 14, 2004 signed an initial agreement to develop a GTL project at Ras Laffan industrial city, with an investment of $7 bn. This will process about 1,800 MCF/day of natural gas from Qatar's North field, converting it into 154,000 b/d of ultra-clean diesel, lubricants and small quantities of naphtha.
It was agreed that the principal terms of this integrated project will be defined at a later stage in a 25-year DPSA. This will come into effect from the start of production in 2011. "ExxonMobil's investment contribution will be 100% of the forecast capital cost", a statement by the two parties then said.
ExxonMobil will design, ...