(MENAFN) Qatar plans to enter South East and African downstream sectors, and is expending its refineries and seeks to reach 23 million tons per annum of chemical and petrochemical production by 2020, Gulf Times reported.
Regardless of low oil prices, Qatar Petroleum International (QPI) is actively pursuing opportunities that will help it improve portfolio diversification, leverage partnership with international oil companies and enter foreign markets.
"Qatar's upcoming expansions in the oil and gas sector include the startup of the Barzan Gas Project in early 2015, which will play a significant role in meeting the country's rising domestic gas demand," HE the Minister of Energy and Industry said.
Barzan project which is USD10.3 billion worth will produce 1.4 billion standard cu ft a day of sales gas. It will also produce about 22,000 bpd of field condensate, 6,000 bpd of plant condensate, 34,000 bpd of ethane, 10,500 bpd of propane and 7,500 bpd of butane.
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