News Post
QP and QAPCO sign FEED contract on Al Sejeel
Qatar Petroleum (QP) and Qatar Petrochemical Company (QAPCO) have signed today the Front-End Engineering and Design (FEED) for the Al Sejeel Petrochemical Complex, which will be built in Ras Laffan Industrial City.
Today the signing of the FEED contract with Tecnimont SpA marks a strategic milestone for the progress of the mega-petrochemical complex, in which QP and QAPCO own respectively 80% and 20% equity interest. The project scheduled for completion in 2018, will feature one of the world’s largest mixed-feed steam crackers, and is designed to produce 2.2 million MTPA of polymers, including PE and PP resins.
H.E. Dr. Mohammed bin Saleh Al-Sada, Minister of Energy and Industry stressed that Al Sejeel Petrochemical Complex will strengthen Qatar’s position as a leading global petrochemical producer.
Dr. Al-Sada said “this project is aligned with the principles of the Qatar National Vision 2030, as launched and guided by His Highness Sheikh Tamim bin Hamad Al Thani, the Emir of the State of Qatar. We are committed -more than ever- to the accomplishment of our growth objectives, and to meeting our economic needs while safeguarding the requirements of future generations.” He said “today is a clear demonstration of such a commitment.”
“It is the vision of our leadership to harness the tremendous potential of the petrochemical sector, and to embark on a large-scale expansion of our downstream industry. To this end, we aim to raise our petrochemical output to 23 million MTPA by 2020, thus supporting the growth and diversification of the Qatari economy. This will increase the universal reach of value-added “Made in Qatar” product portfolio across the globe,” Dr. Al-Sada added.
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