The agreement has been signed by Qatari Energy Minister Abdullah bin Hamad al-Attiyah and ExxonMobil vice president Harry Longwell.
ExxonMobil will design, construct and perform all petroleum operations.
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ExxonMobil To Construct GTL Facility in Qatar
Qatar Petroleum signed a heads of agreement with US oil major ExxonMobil Corp
State oil company of Qatar, Qatar Petroleum signed a heads of agreement with US oil major ExxonMobil Corp for a gas-to-liquid (GTL) facility construction of $7 billion.
The facility will be built in Ras Laffan Industrial City. The company said it would be the world's largest single, fully integrated GTL project.
The agreement has been signed by Qatari Energy Minister Abdullah bin Hamad al-Attiyah and ExxonMobil vice president Harry Longwell.
"The term of the DPSA will be 25 years from the start of production, which is expected to commence in 2011. ExxonMobil's investment contribution will be 100 percent of the projected capital cost," it added.
ExxonMobil will design, construct and perform all petroleum operations.
The agreement has been signed by Qatari Energy Minister Abdullah bin Hamad al-Attiyah and ExxonMobil vice president Harry Longwell.
ExxonMobil will design, construct and perform all petroleum operations.
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