Officials in Qatar officially inaugurated a new refinery in Ras Laffan that will boost the country’s ability to process natural gas, Doha News reported.
The $1.5b Laffan Refinery 2 (LR2) has a capacity to refine 146,000b/d of condensate from the North Field, the largest non-associated natural gas reserve in the world. According to operator Qatargas, the LR2 has a daily production capacity of 60,000 barrels of naphtha. It can also produce 53,000b/d of jet fuel, 24,000b/d of gasoil, and 9,000b/d of liquefied petroleum gas (LPG).
The LR2 will complement the LR1, which also has the capacity of 146,000b/d and currently utilizes the field condensate produced from the Qatargas and RasGas facilities, Qatar Tribune informed.
Production at the new plant began in December 2016, however, the refinery was formally inaugurated in February by Qatar’s Emir late February during an event at the Qatar National Convention Center.
LR2’s shareholders are Qatar Petroleum (84%), Total (10%), Cosmo (2%), Idemitsu (2%), Mitsui (1%), and Marubeni (1%).