QatarEnergy has announced the Final Investment Decision (FID) with Chevron Phillips Chemical Company (CPChem) to build the Ras Laffan Petrochemicals complex – a US $6bn integrated olefins and polyethylene facility at Ras Laffan Industrial City. In a statement, QatarEnergy said that Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, and Bruce Chinn, the President and CEO of Chevron Phillips Chemical, signed the agreement for a joint venture (JV) company to implement the project, in which QatarEnergy will own a 70% equity share, and CPChem will own a 30% share. The signing ceremony was attended by Mark Lashier, the President and CEO of Philli
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