Shell poised to sign Qatar GTL deal

Royal Dutch/Shell is poised to stage a major comeback in Qatar by sealing a USD 4 billion gas-to-liquids (GTL) project with the Gulf state. The Anglo-Dutch giant had been operating in Qatar’s offshore oilfields for decades, but left about 10 years ago after its contract with state oil company Qatar Petroleum (QP) expired. Shell’s imminent return will see it involved again with QP, this time with a scheme to convert natural gas from Qatar’s massive North Field – discovered by the group in the early 1970s – into products. “The project will be designed to produce around 137,000 barrels a day of environmentally friendly fuels, including diesel, naphtha and liquefied petroleum gas,â€? the source said.

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