The US and Qatar have agreed on a raft of contracts worth billions of dollars during a visit to Washington by the Gulf state's emir, including an $8 billion deal on a petrochemical project, AFP reported Wednesday (July 10th).
Qatar Petroleum and US energy giant Chevron Phillips Chemical inked the deal to develop a "world class" petrochemical plant in the US Gulf Coast region, Doha's state-owned petroleum company said Wednesday.
Qatar's energy minister Saad al-Kaabi and Chevron Phillips Chemical head Mark Lashier signed the agreement Tuesday at the White House.
US President Donald Trump and Sheikh Tamim bin Hamad Al Thani attended the signing ceremony.
The plant, scheduled to be onstream in 2024, will boast the world's largest ethylene cracker with a capacity of two million tonnes per year, Qatar Petroleum said.
Trump and Sheikh Tamim reiterated their "commitment to further advancing the high-level strategic co-operation between our two countries", according to a joint statement carried Wednesday by Qatar's official QNA news agency.