Foundation stone for the US$1.5 bln Laffan Refinery 2 (LR 2), to be laid next month

19-Mar-14

The foundation stone for the US$1.5 bln Laffan Refinery 2 (LR 2) is to be laid next month. This will be the second condensate refinery at Ras Laffan Industrial City, the first being Al Sejeel Petrochemical Complex, a mixed feed steam cracker in the country and the first one to produce polypropylene. The joint venture agreement for LR2 was signed in April 2013, Qatar Petroleum with 84% stake, Total (10%), Idemitsu (2%), Cosmo (2%), Marubeni (1%) and Mitsui (1%) being the stake holders. 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). In May last year, the contract for the engineering, procurement, supply, construction and commissioning of the LR 2 was awarded to a joint venture of Chiyoda Corp and CTCI Corp.cThe LR2 refinery will utilise the condensate produced by Qatargas, RasGas, Barzan and Al Khaleej Gas as feedstock.