Laffan Refinery Inaugurated

Wednesday, April 7, 2010

Laffan Refinery

Tokyo -- The Laffan Refinery, one of the world's largest condensate refineries, was formally inaugurated yesterday in Qatar. The refinery is 29% owned by Japanese interests.

The refinery treats and refines field condensate and turns it into products such as naphtha, jet fuel, and liquefied petroleum gas (LPG). The inauguration ceremony was led by Qatari Emir Shaikh Hamad bin Khalifa Al-Thani.

The refinery began its first production last September and has now reached full capacity, or 146,000 bpd.

Furthermore, today's Nihon Keizai Shinbun evening edition reports that the Qatari government intends to reinforce the capabilities of the oil refinery next year, and that the Japanese companies involved in the project are positive about this prospect.

The Qatargas-operated refinery is a joint venture between Qatar Petroleum (51%), ExxonMobil (10%), Total (10%), Idemitsu (10%), Cosmo Oil (10%), Mitsui (4.5%), and Marubeni (4.5%).

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