Chiyoda JV receives condensate refinery contract in Qatar
Japan-based Chiyoda, along with its partner CTCI Corporation, has received an engineering, procurement, supply, construction and commissioning (EPSCC) contract for the Laffan Refinery Phase 2 (LR2) Project in Ras Laffan, Qatar.
The $600m contract involves the construction of a new condensate refinery on a lump sum basis.
Being built by Laffan Refinery Company 2 (LR2), the second condensate refinery (LR2) will process an additional 146,000 barrels per stream day of condensate.
The proposed refinery will manufacture products such as naphtha, kerojet (A-1), gasoil, propane and butane, which will be distributed domestically.
The expansion is also expected help LR2 meet international customer demands for cleaner fuel products. The project is expected to be completed by 2016
Completed in 2008, the first Laffan Refinery (LR1) processes 146,000 barrels per stream day of condensate coming from different layers of the North Gas Field and separated by the facilities of Qatargas and RasGas.
Since August 2011 Chiyoda has held around ten percent of the total issued shares of Taiwan-based CTCI.