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$1.5bn LIGHT OIL REFINERY

Japan-Taiwan venture wins Qatar deal

Doha, May 14, 2013

 

Qatar has awarded a contract to build the $1.5 billion Laffan 2 refinery to a joint venture of Japan's Chiyoda Corporation and Taiwan's CTCI Corporation, state-run Qatargas said on Tuesday.
 
The contract to build and commission the light oil refinery was signed by Qatari energy minister Mohammed Al-Sada and the heads of the two east Asian engineering companies in Doha on Tuesday.
 
No financial details were given. The project was valued at $1.5 billion when Qatar Petroleum, the parent company of Qatargas, signed a joint venture agreement with a consortium led by France's Total in April. - Reuters



Tags: Qatar | Oil | Refinery |

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