Qatar and Shell sign deal for $ 6.4 bn petrochemical plant

Qatar signed a deal with Royal Dutch Shell to develop a $ 6.4bn petrochemicals complex in Ras Laffan in the Gulf Arab state.
Qatar Petroleum will have 80 % stake in joint venture project to be built at Ras Laffan.
Qatar's energy minister, Mohammed al-Sada, and Shell's CEO Peter Voser signed the heads of agreement in the Qatari capital Doha.
State-run Qatar Petroleum will have an 80 % stake in the project and Shell will have the remainder, the companies said.
Qatar is the world's largest exporter of LNG, gas chilled for export by ship.