Home / Knowledge / News / Textiles / Muntajat to market & distribute Qatar petrochemicals
Muntajat to market & distribute Qatar petrochemicals
Dec '12
courtesy: MENA financial network
courtesy: MENA financial network
The Government of Qatar has launched Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat), a single firm having exclusive right to buy, market, distribute and sell all specified regulated chemical and petrochemical products produced in the country to other countries and regions in the world.
During a media briefing organized to announce the launch of Muntajat, the Minister of Energy and Industry and Muntajat Chairman Dr. Al-Sada noted that while global demand for chemicals and polymers is on a rise, Qatar, with its rising production is supplying and supporting several industries across the globe.
He said having reinforced its position as a maker and key source of chemicals and polymers, Qatar now intends to focus more on extensive expansions with Muntajat looking ahead to establish Qatar as world’s leading chemical and petrochemical hub.
As a part of its economic diversification strategy and its aim to expand its share in global chemical and petrochemical industry, the country intends to invest about US$ 25 billion in the petrochemical industry by 2020 to boost its petrochemical production from existing 10 million tons to around 23 million tons by 2020, he said.
The Minister noted that Muntajat has been launched to form a base for the high levels of production targeted by the country. The country is currently the second largest producer of petrochemicals in the Gulf region and intends to double its production by 2020, and Muntajat can greatly help in achieving this goal, he added.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

C Kamatchisundaram

ITME is an occasion not only to receive new leads but also to work on...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search