QPI to set up petchem plant in Vietnam

December 14, 2011

Qatar Petroleum International (QPI) has said it is considering plans to further expand its global operations including Asia, North America and Russia. State-owned QPI is looking into setting up a venture in Vietnam to build a petrochemical plant and is interested in investments in North American shale gas and Russia’s Yamal gas project, said CEO Nasser Al-Jaidah. “We’re thinking of a joint petrochemical project in Vietnam. Our partner there is Petrovietnam and we may have some other partners from the Far East, possibly a Thai company,” he said. “We’re considering investing with our friends: Total, Shell, ExxonMobil, with whoever is going to deliver for us. We’re focusing our discussions right now only with the IOCs international oil companies.”