Currently, the company is assessing a new downstream petrochemical project, which has the potential to generate better economic returns, reports Bloomberg

Industries Qatar unit Qatar Petrochemical chairman Hamad Rashid Al Mohannadi was quoted by the publication as saying that in December 2013 the petrochemical plant was valued at around $6bn.

Energy Minister Mohammed Al-Sada said earlier in January that Qatar intends to double the petrochemical output by 2020 to 23 million metric tons a year. The two petrochemical plants, Al Sejeel and Al Karaana, would be constructed as part of this effort.

A venture between Qatar Petrochemical and Qatar Petroleum will build the Al Sejeel project, while Qatar Petroleum, in partnership with Royal Dutch Shell, will construct the second project, Al Karaana, which is expected to cost $6.5bn.

In September 2012, Qatar Petroleum finance head Meshaal Al-Mahmoud said that the company planned to raise around $13bn for the development of the two power plants.