Pearl to Shine for Shell, Qatar by Year End
Zawya Dow Jones reported Tuesday that Shell's Pearl GTL project in Qatar is slated for production start-up by the end of 2010.
Speaking on the sidelines of a Doha conference, Qatar's oil minister confirmed that the small Persian Gulf state will continue to invest billions in energy projects this year.
The world's largest gas-to-liquids project, Pearl GTL's anticipated developments costs are tagged at as much as $19 billion.
The project, located in the industrial city of Ras Laffan, Qatar, is operated by Shell and will utilize the oil and gas major's proprietary GTL technology to convert some 1.6 billion cubic feet of gas per day into an assortment of clean-burning oil products.
Pearl will be the world’s largest GTL plant, and Pearl GTL upstream production is expected to reach 320,000 boe/d.
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