Qatar seals deal with GS and Daewoo

Qatar Petroleum yesterday signed a $668.7 million (Dh2.45 billion) contract for the construction of the new Laffan refinery with the consortium of GS Engineering and Construction Corp and Daewoo Engineering and Construction Co Ltd of Korea.

Abdullah Bin Hamad Al Attiyah, second deputy premier and minister of energy and industry and chairman of Qatar Petro-leum signed the contract.

The contract covers the detailed engineering, procurement, supply, construction and commissioning of the refinery and associated storage and export facilities.

The refinery, to be located at Ras Laffan Industrial City, will process 146,000 bpd of North Field condensate to produce LPG, naphtha, kerosene and gas oil.

The new refinery will be operated by Qatar Gas and is expected to be on stream by mid-2008.

The major units of the complex include a condensate splitter and LPG/naphtha and kerosene hydrotreaters to desulphurise the products, enabling the plant to meet the most stringent product quality specifications.