DOHA
THE contract for the engineering, procurement, supply, construction and commissioning (EPSCC) of the Laffan Refinery 2 (LR 2) Project, the second condensate refinery at Ras Laffan Industrial City, has been awarded to a joint venture of Chiyoda Corporation and CTCI Corporation, according to a release, in Doha, on Monday.
The contract was formally signed by Minister of Energy and Industry and Chairman & Managing Director of Qatar Petroleum His Excellency Dr Mohammad bin Saleh al Sada, Takashi Kubota, chairman of Chiyoda Corporation and John T Yu, chairman and CEO of CTCI. Qatargas Chief Executive Officer Khalid bin Khalifa al Thani and senior officials from Qatar Petroleum and Qatargas also attended the official signing ceremony.
Similar to the existing Laffan Refinery (LR1), which started production in September 2009, LR2 will have a processing capacity of 146,000 barrels per stream day and will also be operated by Qatargas Operating Company Limited.
To be constructed adjacent to the existing refinery, LR2 will have a daily production capacity of 60,000 barrels of naphtha, 53,000 barrels of jet fuel, 24,000 barrels of gasoil and 9,000 barrels of liquefied petroleum gas (LPG).
Sada hailed the agreement as “an important part of a vigorous drive to expand and diversify Qatar’s industrial base”.
He said “the agreement is in line with the vision of the Emir His Highness Sheikh Hamad bin Khalifa al Thani to ensure the optimal utilisation of our country’s natural resources while contributing effectively to securing energy supplies for the local and international markets.” Qatargas CEO said: “The second phase of Laffan Refinery while improving product distribution domestically will also help meet the increasing demand of international customers for cleaner fuel products.” The joint venture agreement for the LR2 Project was signed in April this year, with the shareholders consisting of Qatar Petroleum with 84 percent stake, Total (10 percent), Idemitsu (2 percent), Cosmo (2 percent), Marubeni (1 percent) and Mitsui (1 percent).
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