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FINANCIAL NEWS
Shell’s Qatar Pearl plant starts to operate
14 Jun 2011
(MENAFN) Shell’s spokeswoman in Doha, Maartje Snellen, said that the company shipped its first cargo of fuel from its USD19 billion Pearl plant in Qatar to Europe, reported The National.
Snellen added that the Pearl plant was established to convert natural gas resources in Qatar into fuel, adding that the plant represented the company’s re-entry to the country after it left it in the 1990’s.
She also said that the plant was one of Shell’s major single investments; it was designed to use Qatar’s clean natural gas to make fuel for cars and aircraft, which would decrease the amount of harmful greenhouse gases released into the atmosphere.
It is worth noting that the Pearl plant is expected to boost Qatar’s competitive position in the world markets. By the middle of 2012, it will convert 1.6 billion cubic feet of gas a day into kerosene, petrochemicals feedstocks, paraffin for detergents and gas oil. The combined production lines are planned to produce 140,000 barrels per day (bpd) of liquids.
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