11 June 2013 13:55 [Source: ICIS news]
KUALA LUMPUR (ICIS)--Qatar will be building a new aromatics project that it hopes to start up by the fourth quarter of 2017, the CEO of its petroleum products marketing arm Tasweeq said on Tuesday.
No further details were given on the project, which will come on stream about a year later than the 146,000 bbl/day condensate splitter that is currently being built in Ras Laffan, Tasweeq CEO Saad Al Kuwari said in a presentation at the 17th Asia Oil & Gas Conference (AOGC).
The condensate splitter is a project of state-owned Qatar Petroleum under Laffan Refinery Co Ltd 2 (LR 2), with the engineering, procurement, supply, construction and commissioning (EPSCC) contract worth about $600m awarded to Japan's Chiyoda Corp and Taiwan's CTCI Corp, as announced on 14 May this year.
The condensate splitter is due to come on stream in the third quarter of 2016, Al Kuwari said.
The margin hit for ethane-based production, which yields more ethylene, could even be stronger.
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