Shell to Expand Projects With Qatar Petroleum, Petrochina

Royal Dutch Shell Plc (RDSA), Europe’s largest oil company, plans to expand projects with Qatar Petroleum and PetroChina Co. after successful ventures in the Middle East and Asia.

For international oil companies “it’s important to have long-term relationships with partners,” Qatar Shell Country Chairman Andy Brown told reporters today in Doha. “Qatar Petroleum and Petrochina are the key partners for Shell”

Shell has invested about $20 billion in Qatar in the past five years to produce gas and start making fuels with Qatar Petroleum. The Anglo-Dutch company is examining plans to deploy the gas-to-liquids technology on a “large scale” in the U.S.

“We are looking at new opportunities and we are investing heavily to mature the technology,” Brown said. He declined to elaborate on whether Qatar Petroleum will be a partner in the possible GTL project in the U.S.

To contact the reporter on this story: Eduard Gismatullin in London at egismatullin@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net