QATAR Petroleum (QP) on Tuesday signed a joint venture agreement with South Africa’s Sasol Synfuels International to set up a $800mn gas-to-liquids (GTL) plant at the Qatar city of Ras Laffan, reported the Gulf Times.
The first phase of the GTL project is scheduled for completion in 2005.
On completion, some 24,000 barrels a day of environmentally friendly diesel, called green fuel, 9,000 bpd of naphtha and 1,000 bpd of liquefied petroleum gas will be available from the project, said the paper.
Qatar Petroleum will own 51 percent of the project and the remainder will be owned by Sasol, said the paper – Albawaba.com
