Shell, Qatar to invest on carbon dioxide storage

Royal Dutch Shell, Europe’s largest oil company, and Qatar Petroleum agreed to invest as much as US$70 million to research carbon dioxide storage projects in the Middle East and beyond. The companies will work together with the Qatar Science & Technology Park and Imperial College over the next 10 years “on further understanding carbonate reservoirs, which constitute the vast majority of hydrocarbon reservoirs across the Middle East, and CO2 storage,” the partners said in an e-mailed statement sent by the London-based college. (June 9, 2008)