Qatars QP Refinery (formerly known as the National Oil Distribution Company) recently upgraded its refinery at Umm Said. The expansion, completed in early 2002, increased capacity from 57,500 bbl/d to 137,000 bbl/d. In November 1997, Chevron Phillips Chemical Company signed a $1.1 billion deal with Qatar Petroleum to build a petrochemical plant, Q-Chem, which was completed in 2002. The plant produces a wide range of products, including polyethylene and olefins. A project to expand the facility, Q-Chem II, was awarded to Chevron Philipps Chemical, and reached financial close in November 2005. Construction is expected to begin in late 2006, with the plant ready for commercial operation by late 2008.