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Sat 25 Jun 2005 04:00 AM

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Daewoo consortium takes contract for Qatar refinery

A South Korean consortium of Daewoo Engineering and Construction and GS Engineering and Construction has taken a US $668.7 million (QR184 million) deal to build the new Ras Laffan refinery in Qatar.

A South Korean consortium of Daewoo Engineering and Construction and GS Engineering and Construction has taken a US $668.7 million (QR184 million) deal to build the new Ras Laffan refinery in Qatar.

The award comes as question marks hang over the delivery of several other gas-to-liquids projects which have faced delays in the oil-rich country.

The engineering procurement construction (EPC) contract also includes associated storage and export facilities to be developed at Ras Laffan Industrial City.

The refinery, which is expected to be on stream by mid-2008, will process 146 000 bpd of North Field condensate to produce liquefied petroleum gas, as well as naphtha, kerosene and gas oil for the export market.

According to a statement from Qatar Petroleum, the new facility will be operated by Qatargas.The other participants in the joint venture include Qatar Petroleum, ExxonMobil and Total SA.

Several massive refinery construction projects are currently underway, and Qatar is keen to capitalise on its gas reserves through the construction of liquefied gas plants and gas-to-liquids plants.

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