Marubeni to expand in Qatar following refinery’s start-up

28 September 2009 13:47  [Source: ICIS news]

General view of a Qatar oil refineryTOKYO (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.

It is the first condensate refinery in Qatar, said Marubeni, which holds a 4.5% share in the venture.

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.

Please visit the complete ICIS plants and projects database
Read Paul Hodges’
Chemicals and the Economy Blog
To discuss issues facing the chemical industry visit ICIS connect

ICIS Free Trials Sign Up

By: Tomomi Yokomura
+65 6780 4359

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index