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FINANCIAL NEWS
Qatar’s QPI, Vietnam’s SGG to establish USD4.5b JV
17 Feb 2012
(MENAFN) Qatar Petroleum International (QPI) said that it inked a USD4.5 billion deal to set up a joint venture with Siam Cement Group (SCG) and its Vietnamese partners in Bangkok, reported Arab News.
The firm added that the construction of the petrochemicals complex is expected to take between 4-5 years, and would comprise a 1.4 million ton olefins cracker, which is highly flexible feedstock (ethane, propane, and naphtha).
Moreover, the cracker would be integrated into a wide range of downstream products, including PE, PP, and PVC related products
It is worth noting that Qatar International Petroleum Marketing Company Ltd. (Tasweeq) and PV GAS, a subsidiary of Petro Vietnam, inked a long-term feedstock deal to supply propane and naphtha to the complex.
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