The new $8.5 billion project, known as Rabigh II, is to be built as an expansion of PetroRabigh’s existing petrochemical plant.
The Gulf state, Japan’s second biggest oil provider, exported 23 million barrels during the month.
Oil prices have eased after hitting multi-month highs in June because of political tensions in the Middle East, Africa and Europe.
Supply from the Organization of the Petroleum Exporting Countries has averaged 30.06 million barrels per day (bpd) in July, up from 29.92 million bpd in June, a survey says.
Despite conflicts in Ukraine, Iraq and Libya, global oil production has exceeded demand, leaving pockets of excess supply in Africa and Europe.
Oil prices are expected to stay in a range of $105-$110 for Brent, according to experts.
In March, TAQA said a consortium led by it had agreed to buy the two power plants from Jaiprakash Power Ventures.
The settlement covers payments due between 2007 and 2013.
Japan has been lending 10.7 million barrels of crude tank capacity to the two countries.
A final decision on the winning firms is unlikely before early 2015 as the country decides whether to bring in Asian firms or stick with old partners, sources said.
The company made SAR3.66 billion during the three months to June 30, compared to SAR1.50 billion during the same period of the previous year.
Mohamed al-Mady said the global outlook for petrochemical demand over the next three years is positive.
The company earned SAR6.46 billion ($1.72 billion) in the quarter, compared to SAR6.04 billion in the year-earlier period.
Shell said that it had wrapped up activity at the well after the negative result, while adding that it remained committed to future plans in Qatar.
A document outlining Qatar Mining’s investments showed that the company planned to take a share in a mining site in Mali that is already operational.
The refinery has capacity to process 116,000 barrels per day of Omani crude.
The company made a net profit of QAR238.6 million ($65.6 million) in the three months to June 30.
The miner made a net SAR370.8 million ($98.9 million) in the three months to June 30, compared with 40.98 million in the year-earlier period.
The state-run utility made a profit of QAR417 million ($115 million) in the three months to June 30 compared to QAR436 million in the prior-year period.
The company said that its shareholders had approved issuing a bond that would allow a strategic investor to buy into the company.
The firm made a net profit of SAR613 million ($163.5 million) in the second quarter compared with SAR670.5 million in the same period of 2013.
The company said it made SAR639 million ($170.4 million) in the second quarter, compared to SAR693 million in the same period a year ago.
The firm had filed an arbitration case in London last October against the Kurdistan Regional Government (KRG), to obtain payments for products which it had delivered.
Sipchem made a profit of SAR244.6 million ($65.3 million) in the three months to June 30, up from SAR174.0 million in the prior-year period.
Egypt has been largely unable to buy crude oil in the international market for more than a year due to a domestic subsidy scheme.
Global oil demand is expected to grow by 1.4 million barrels per day (bpd) next year, up from 1.2 million this year.
The Kingdom typically increases production during the hot summer months to meet a surge in electricity demand.
The investment will focus on expanding the amount of power generated in the Middle East and North Africa through green methods.
ADNOC is reportedly planning to take up to two million tonnes capacity in India.
Shell did not give a reason for the decision to end investments in the project, which is located in the Kidan area.