QAPCO grants contract to Uhde and Total

Industries of Qatar (IQCD.QA) subsidiary Qatar Petrochemical Co. (QAPCO), has awarded a lump-sum turnkey contract to Uhde and Total Petrochemicals of France, to build a 300,000tpy low-density polyethylene (LDPE) plant within the scope of its LDPE-3 project. The contract is worth some USD 550 million to Uhde. The stock price rose QR1.50 (or 1.4%) to close at QR109.50. (June 25, 2009)