The French major is also in talks for a major petrochemical expansion at its 400,000 b/d Satorp export refinery, currently under construction at Jubail, Saudi Arabia. And it has pre-qualified to build Iraq’s planned 300,000 b/d Nassiriya refinery project.
Total will take a 10% stake in Ras Laffan-2, which is due on stream by end-2016. The project partners have managed to cut $200mn of estimated project investments of $1.5bn, Patrick Pouyanné, said Total’s President of Refining and Chemicals at a press briefing in Paris on 22 April. The splitter will be operated by Qatargas Operating Company and produce 60,000 b/d of naphtha, 53,000 b/d of jet fuel, 24,000 b/d of gasoil and 9,000 b/d of LPG, QP said. Total aside, the consortium comprises: QP (84%), Idemitsu (2%), Cosmo (2%), Marubeni (1%) and Mitsui (1%). A diesel hydrotreater, which will process gasoil from Ras Laffan 1 and 2, should be commissioned by the second half of 2014. It will produce “ultra-low-sulfur diesel, which meets the most stringent environmental specifications,” QP said. (CONTINUED - 788 WORDS)