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5/14/2013 12:00:00 AM
A joint venture of Japan-based Chiyoda Corporation and Taiwanese CTCI Corporation has bagged the contract for the Engineering,Procurement, Supply, Construction and Commissioning (EPSCC) of the $1.5bn Laffan Refinery 2 (LR 2) Project. The Minister of Energy and Industry, Dr Mohamed bin Saleh al-Sada, Chiyoda Corporation chairman, Takashi Kubota and CTCI chairman and CEO, John T Yu formally signed the EPSCC contract for the second condensate refinery at Ras Laffan Industrial City, said a statement. To be constructed adjacent to the existing refinery, LR2 will have a daily production capacity of 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).