Qatar’s Laffan Refinery Company’s (RLC) has confirmed that Japan’s Chiyoda and Taiwan’s CTCI Corporation as the successful contractors on the phase two expansion of its condensate refinery.
The budget has been confirmed at $1.5bn and 3,500 people are expected to be working on the scheme at the peak of its construction activities. MEED reported in April that Chiyoda and CTCI were the successful contractors for the project.
Qatar Petroleum (QP) is to take a larger shareholding in the Qatar’s Laffan Refinery Company’s (RLC) $1bn phase two expansion at its complex in Ras Laffan.
Under the terms of the new agreement, QP will hold an 84 per cent stake the second phase, while retaining 51 per cent of the phase one.
The remaining equity will be split between five of the six international shareholders. France’s Total will hold 10 per cent, Malaysia’s Idemitsu and Japan’s Cosmo will each have 2 per cent stake, while Japan’s Marubeni and Mitsui will have 1 per cent each.
The scope of the phase two will differ slightly compared to phase one. It will process 60,000 barrels of naphtha, 53,000 barrels of jet fuel, 24,000 barrels of gasoil, and 9,000 barrels of liquefied petroleum gas (LPG). The first phase processes 61,000 barrels of naphtha, 52,000 barrels of jet fuel and 24,000 barrels of gasoil.