Source Pravda.Ru

Exxon Invite Halliburton To Bid For Qatar Study

Exxon Mobil has invited at least three US companies, including the Halliburton Company, to bid to prepare a study on building a gas plant in Qatar, the Middle East Economic Digest reported, without citing sources.

The world's largest publicly traded oil company has signed a preliminary agreement with the state owned Qatar Petroleum to develop a 100,000 barrel a day plant that turns natural gas into liquid petroleum products, like gasoline, the London based weekly said.

The other companies invited to bid for the preparatory work include Fluor Corp., the largest publicly traded engineering and construction company, and Bechtel Group Inc., a closely held US construction company, MEED added.

Qatar, the world's third largest holder of gas reserves, is seeking to develop at least six so called gas-to-liquids projects in joint ventures with companies like Exxon, Royal Dutch/Shell and Sasol of South Africa. The Exxon proposal, which includes drilling for gas, will cost about three billion dollars.

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&to=http://www2.exxonmobil.com/corporate/' target=_blank>ExxonMobil

&to=http://www.qp.com.qa/qp.nsf' target=_blank>QATAR

&to=http://www.halliburton.com/' target=_blank>HALLIBURTON