The Emir Sheikh Tamim bin Hamad Al Thani, formally laid the foundation stone for Laffan Refinery 2 (LR2) at a ceremony held on Tuesday at the Qatar National Convention Centre in Doha.
LR2 will effectively double the condensate refining capacity of the Laffan Refinery to 300,000 barrels per day, solidifying the country’s unique position as the largest condensate producer with the largest condensate refining capacity in the world.
LR2 is a joint venture between Qatar Petroleum, Total, Idemitsu, Cosmo, Marubeni and Mitsui. LR2, like LR1, will be operated by Qatargas and the construction works are scheduled to be completed by the third quarter of 2016.
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 content of sulfur, meeting the most stringent quality standards. The LR2 project, located at Ras Laffan Industrial City, will add to Qatargas’ integrated value chain and will generate revenue from supplying the refined products into domestic and export markets.
Press Release, April 2, 2014; Image: Qatargas