The Ras Laffan condensate refinery project is taking shape with the formation of the joint venture company and the appointment of a front-end engineering and design (FEED) contractor expected by early April. The refinery, first discussed in the late 1990s, will have a capacity of about 140,000 barrels a day. It will process rising volumes of North field condensate produced by the upstream developments serving Qatar Liquefied Gas Company (Qatargas)and Ras Laffan Liquefied Natural Gas Company (RasGas).
Qatar Petroleumand France's TotalFinaElfwill be the main shareholders in the venture. It is unclear whether they will be joined by other foreign partners in the Qatargas and RasGas ventures, as was originally discussed.
Three international engineering contractors have already submitted bids for the FEED package. They are Bechtelof the US, Japan's JGC Corporationand Paris-based Technip. An award is expected once the joint venture agreement has been signed.
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