28 September 2009 13:47 [Source: ICIS news]
TOKYO (ICIS news)--Marubeni Corp intends to expand its energy business and relationship with Qatar Petroleum following the recent start-up of a joint venture condensate refinery in Qatar, the Japanese conglomerate said in a statement on Monday.
The refinery, built at Ras Laffan Industrial city, started commercial production on 23 September, according to Marubeni.
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The company did not provide further details about how it intends to expand its energy business with Qatar Petroleum.
Qatar Petroleum has the majority stake of 51% in the Laffan refinery, with the remaining shares held by companies ExxonMobil (10%), Total (10%), Idemitsu Kosan (10%), Cosmo Oil (10%) and Mitsui & Co (4.5%).
The refinery will have a processing capacity of 146,000 barrels per stream day (bpsd) and a production capacity of 61,000 bpsd of naphtha; 52,000 bpsd of kerojet; 24,000 bpsd of gasoil; and 9,000 bpsd of liquefied petroleum gas (LPG).
Previously, Marubeni said that it was considering building a plant to produce propylene in an oil-rich country, and that the unit could be downstream of the Laffan refinery.
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