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.
Follow us on
For all the latest business news from the UAE and Gulf countries, follow us on Twitter and LinkedIn, like us on Facebook and subscribe to our YouTube page, which is updated daily.
