Qatar: JV agreement for Laffan 2


Qatar Petroleum (QP) has signed a joint venture agreement with Total (10%), Idemitsu (2%), Cosmo (2%), Marubeni (1%) and Mitsui (1%) for the new $1.5bn Laffan Refinery 2 project. QP will own 84% of the project. In a statement on 21 April, QP said the new condensate refinery would be similar to the first Laffan refinery, which started operations in September 2009, with a similar processing capacity of 146,000 bbls/d. It will be operated by Qatargas Operating Company Limited, and will have a daily production capacity of 60,000 bbls of naphtha, 53,000 bbls of jet fuel, 24,000 bbls of gasoil and 9,000 bbls of liquefied petroleum gas. Construction is expected to be completed in H2 2016.