The new Laffan Refinery will provide value addition and economic opportunities by enhancing Qatar’s export capacity and fulfilling the long-term needs of international markets, said HE the Minister of Energy and Industry, Dr Mohamed bin Saleh al-Sada.
At the foundation stone laying of Laffan Refinery 2 (LR2) al-Sada said the new refinery represents another step on the road to achieving the Qatar National Vision conceived by HH the Emir Sheikh Tamim bin Hamad al-Thani.
“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 fulfil diverse energy needs,” he said.
He added that the new refinery will create added value and new economic opportunities by enhancing Qatar’s export capacity and fulfilling the long-term needs of international markets.
“We in the energy sector, Qatar Petroleum in particular, are fully committed to utilising our hydrocarbon resources and employing the huge potential of our petrochemical and manufacturing industries to achieve the growth and development that our beloved country and its wise leadership aspire to,” al-Sada said.
Qatargas CEO Sheikh Khalid bin Khalifa al-Thani said, “Qatargas is grateful for the confidence placed in us by the shareholders as we initiate the Laffan Refinery 2 project.
“Over the years, Qatargas has successfully delivered a series of world-class projects that uphold our commitment to technical and operational excellence while maintaining the highest environmental standards. Once again we bring together industry leading partners to stimulate further economic growth for the country and deliver increased value to our people and shareholders.”
Qatar Petroleum director (downstream ventures) Mohamed bin Nasser al-Hajri said, “As part of Qatar Petroleum’s vision and mission we are paying special attention to the development of the downstream petrochemical and refining sector with the clear objective of creating additional opportunities for the production of intermediate and derivative products to satisfy the increasing domestic demand and create new markets for the country.
“We value our partnership with Qatargas and the various stakeholders. We look forward to continuing our collaboration on joint projects which foster sustainable growth.”
Salman Ashkanani, Qatargas chief operating officer (refinery ventures, said, “With our track record of operating multiple projects safely, reliably and efficiently over the years, we are pleased to have been entrusted to deliver and operate LR2.
“Upon its completion, Qatar will have the capacity to process approximately 40% of the condensate from the North Field. This significant achievement will be a catalyst for further economic stability.”
The Laffan 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.
LR2 will process 146,000 barrels per stream day (BPSD) of condensate feedstock.
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). Source: Gulf Times