Qatar's energy minister announced Saturday, June 16, that an agreement protocol had been signed with the US oil giant ExxonMobil on a gas-to-liquids project worth $3 billion.
"The project is aimed at transforming natural gas into liquid oil products and has a production capacity of 80,000 barrels per day (bpd)," said Abdallah bin Hamad al-Attiya on his return from a one-week visit to the United States.
He said he had examined means of reinforcing energy cooperation and discussed the international oil market with several US officials, including Energy Secretary Spencer Abraham.
Qatar sits on top of the world's third largest gas reserves after Russia and Iran, with an estimated 13,000 billion cubic metres (46,000 billion cubic feet). — (AFP)
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