L Dutch Shell signed a deal with Qatar yesterday to develop a $6.4bn (£4.1bn) petrochemicals complex in Ras Laffan in the Gulf Arab state.
Qatar’s energy minister, Mohammed al-Sada, and Shell’s chief executive Peter Voser signed the heads of agreement in the Qatari capital Doha.
The deal is the latest in a series of Middle East agreements for Shell’s Voser, who is on a tour of the region.
Last week, Iraq signed a final $17bn deal with Royal Dutch Shell and Mitsubishi to capture flared gas at southern oilfields, a project that should boost production of badly needed electricity.
The 25-year project, one of the largest Iraq has signed with foreign firms, is meant to help harness more than 700m cubic feet per day of gas.