ExxonMobil Prepares For Venture With Qatar

ExxonMobil Corp. will work with Qatar Petroleum to develop a petrochemical complex fueled by a huge natural-gas field off Qatar's Persian Gulf coast.

The companies anticipate the facility opening in 2015. It would include what they called the world's largest steam cracker and polyethylene plant and one of the world's biggest ethylene and glycol plants. Exxon has previously helped Qatar Petroleum develop the North Field and export liquefied natural gas.