LAFFAN REFINERY 2 PROJECT IS LAUNCHED
The Emir, HH Sheikh Tamim bin Hamad Al Thani, laid the foundation for Laffan Refinery 2 (LR2) at a ceremony held at the Qatar National Convention Centre.
The QR5.5 billion LR2 project will double the condensate refining capacity of the existing LR1 to 300,000 barrels per day, reinforcing the country's unique position as the largest condensate producer with the largest condensate refining capacity in the world.
In his keynote address, the Minister of Energy and Industry HE Dr Mohamed bin Saleh Al Sada said that the new refinery represented another step on the path to achieving the Qatar National Vision conceived by the Emir. “This refinery is part of an integrated development programme being implemented by all active parties in the energy and industry sector in Qatar to enhance our capability to fulfill diverse energy needs.”
HE Dr Al Sada said that the new refinery will create added value and new economic opportunities by enhancing our export capacity and fulfilling the long-term needs of international markets.
LR2 is a joint venture between Qatar Petroleum, Total, Idemitsu, Cosmo, Marubeni and Mitsui. LR2, like LR1, will be operated by Qatargas Operating Company Limited (Qatargas) and the construction works are scheduled to be completed by the third quarter of 2016.
The refinery processes condensate, an associated product to natural gas production that is refined into a number of high-quality products, which can be used as lower emission fuels and feedstock for petrochemical production. All products will be hydro-treated to reduce the sulphur content, meeting the most stringent quality standards.
It will process 146,000 barrels per stream day (BPSD) of condensate feedstock. The refined products will include 71,000 BPSD of naphtha, 60,800 BPSD of kerosene, 27,000 BPSD gasoil and 850 tonnes of LPG a day ( butane and propane).