Laffan Refinery 2 inaugurated

At the Laffan Refinery 2 Inauguration Photo Qatargas

By Joseph R. Fonseca

His Highness Sheikh Tamim bin Hamad Al-Thani, the
Emir of the State of Qatar, inaugurated Laffan Refinery 2 at a
special ceremony held at the Qatar National Convention Centre and
attended by senior ministers and officials, project shareholders,
and leading industry executives.

The inauguration of Laffan Refinery 2 marks the culmination of a
strategic expansion to Qatargas' world-class facilities in Ras
Laffan Industrial City, effectively doubling Qatar's condensate
refining capacity to 292,000 barrels per day.

Laffan Refinery 2 is an important milestone in the development of
the oil and gas sector in Qatar due to its strategic role in
diversifying Qatar's energy mix. As such, Laffan Refinery 2 will
make a significant contribution to the sustained, economic
development of the State of Qatar by optimising the country's
natural resources for generations to come.

Mr. Saad Sherida Al-Kaabi, the President and CEO of Qatar
Petroleum, and the Chairman of Qatargas Board of Directors said:
"We are deeply honored by the patronage and presence of His
Highness the Emir Sheikh Tamim bin Hamad Al-Thani."

Speaking at the inauguration ceremony, Mr. Al-Kaabi said:"This
inauguration is the result of the wise leadership and directives
of His Highness the Emir, and is another step on the road to a
better future as mapped by Qatar Vision 2030, which was launched
by His Highness. This Vision has laid the foundations to
transform Qatar into an advanced country, capable of achieving
sustainable development and ensuring the continuation of a
dignified life for its people, generation after generation."

He said, "We in Qatar Petroleum in its subsidiaries and joint
ventures have been working to achieve the pillars of this Vision,
and have worked to ensure the wise and prudent management of our
hydrocarbon resources, the calculated and diverse investment, the
development of the Qatari citizen, and the ability to implement
our projects with the highest international environmental
standards".

Mr. Al-Kaabi noted thatby adding this project to Laffan 1, "the
refining capacity will double to 292,000 barrels per day, which
is equal to 100 million barrels per year, making Ras Laffan
Industrial City one of the biggest condensate refining locations
in the world."

Khalid Bin Khalifa Al-Thani, Qatargas Chief Executive Officer,
said, "Qatargas has a distinguished track record for constructing
and managing innovative facilities such as Laffan Refinery 2.
This new refinery is a clear demonstration of Qatargas' ability
to manage and operate our resources safely, efficiently and
reliably, and further strengthens our reputation for value
creation and operational excellence. At Qatargas, we are proud of
the trust bestowed upon us to enhance Qatar's leadership position
in the energy sector."

Laffan Refinery 2 not only creates value for the State of Qatar
and its shareholders, but also adheres to the highest
environmental standards through low gas emissions,zero flaring
during normal operation, and zero waste water discharge to the
sea. In addition, Laffan Refinery 2 includes a waste water
recycling facility which treats industrial water from Laffan
Refinery 1 and Laffan Refinery 2. The recycled water is then
re-used as boiler feed water and cooling water, thereby reducing
water consumption and eliminating the discharge of treated
industrial water.

The new refinery processes condensate to produce five high
quality products. These products support the energy and industry
sectors by providing energy sources and raw feedstock material,
namely naphtha, kerojet (A-1), diesel and liquefied petroleum gas
in the form of propane and butane. It also creates new economic
opportunities by enhancing export capacity and therefore the
ability to supply international demand for energy.

Qatargas, the World's Premier LNG Company, operates the refinery
on behalf of Laffan Refinery 2'sshareholders: Qatar Petroleum (84
percent), Total (10 percent), Cosmo (2 percent), Idemitsu (2
percent), Mitsui (1 percent) and Marubeni (1 percent).

Feb 20, 2017

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