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Qatar Petroleum and Qatar Petrochemical have signed a nonbinding agreement with Qatar’s Minister of Energy & Industry, Mohammed bin Saleh al-Sada, concerning construction of a petrochemical complex in the country. Slated to be completed in 2018, the plant would feature a 1.4 million-ton-per-year ethylene cracker and plants for polyethylene and polypropylene. Qatar Petroleum, Qatar’s state oil company, would have an 80% stake in the complex.
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