Will Qapco be acquiring companies outside Qatar?
As a subsidiary of QP, that is their overall decision. When they green light a move, we are ready. But for now Qapco is in Qatar. What’s the status of your projects? We have three ongoing projects. The QATOFIN project, in partnership with France’s Total, and Qatar Petroleum is progressing very well, and we are expecting to start the cracking machine of the LLDPE plant in July. This will produce 450 000 tonnes per year. In line with this, we expect to start commercial operations this November. The Ras Laffan plant that will supply the ethylene feedstock to Qatofin will start in November or December this year. Around 1.3 million tonnes of ethylene will come via pipeline to Mesaieed, where it will be distributed to Qapco and to Q-Chem. With regard to the third LDPE project, we have received all the bids and we will be awarding that contract soon.
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