Qatar awards $1.5bn refinery construction contract

(Photo for illustrative purposes only)

(Photo for illustrative purposes only)

Qatar has awarded a contract to build the $1.5bn 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 $1.5bn when Qatar Petroleum, the parent company of Qatargas, signed a joint venture agreement with a consortium led by France's Total in April.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Are the troubles easing for Saudi construction giant Binladin?

Are the troubles easing for Saudi construction giant Binladin?

Gulf kingdom's biggest builder appears to have pulled back from...

Basra's plan to build the world's next tallest tower: Is this the MidEast's most ambitious or most foolhardy project?

Basra's plan to build the world's next tallest tower: Is this the MidEast's most ambitious or most foolhardy project?

With Dubai's Burj Khalifa and Jeddah's 1km Kigdom Tower, the...

1
Dubai déjà vu? Buildings with international twins

Dubai déjà vu? Buildings with international twins

Lookalike architecture: We look at five buildings in the UAE...

1
Most Popular
Most Discussed
sponsoredTracking