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Qatar to Build $9.8 Billion Plants in China, Vietnam

Bloomberg -- Qatar Petroleum International, a unit of the emirate’s state-run oil company, plans to build two petrochemical plants costing about $9.8 billion in Asia by 2015 to tap demand in the world’s fastest-growing region.

Qatar will partner Cnooc Ltd. and a Chinese petrochemicals maker to construct a $5.8 billion plant in China’s Hainan province, Chief Executive Officer Nasser al-Jaidah said in an interview in Tokyo yesterday. Another project in Vietnam will cost as much as $4 billion and both ventures will use Qatari liquefied petroleum gas to produce chemicals, he said.

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Submitted Nov 19, 2009 By: ziyulu

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BobbyVA Champion Author Virginia Beach Posts:1,477 Points:316,785 Joined:Jul 2009	Message Posted: Nov 19, 2009 3:25:48 PM Ignore BobbyVA Report Abuse China and Vietnam, when they over run us what language will we speak.
BigBrat All-Star Author Phoenix Posts:677 Points:411,800 Joined:Dec 2004	Message Posted: Nov 19, 2009 3:22:23 PM Ignore BigBrat Report Abuse Only a reason for them to use more fuel.
repeater1 Champion Author Kansas Posts:3,467 Points:1,406,295 Joined:Oct 2005	Message Posted: Nov 19, 2009 3:20:47 PM Ignore repeater1 Report Abuse If China is involved run, don't walk, as fast as possible the other direction.
bababooey2 Champion Author Hartford Posts:1,491 Points:327,815 Joined:Sep 2009	Message Posted: Nov 19, 2009 3:17:25 PM Ignore bababooey2 Report Abuse US only
Don1222 Champion Author Michigan Posts:6,228 Points:766,080 Joined:Jul 2008	Message Posted: Nov 19, 2009 3:16:28 PM Ignore Don1222 Report Abuse Support alternative fuels. Buy American made in The USA.
madison8359 Champion Author Cleveland Posts:2,895 Points:625,310 Joined:Apr 2008	Message Posted: Nov 19, 2009 3:15:19 PM Ignore madison8359 Report Abuse Do not trust the Chinese. Maybe if these two crooked countries get together they will steal from each other.