CTCI Plays Major Role as Laffan Refinery 2 Goes On-Stream
The Emir Sheikh Tamim bin Hamad Al-Thani of Qatar inaugurates LR2

The Emir Sheikh Tamim bin Hamad al-Thani of Qatar (the 9th from the left) inaugurated LR2.

Laffan Refinery 2 (LR2), one of the largest condensate refineries in the world contracted by CTCI and Chiyoda of Japan as a joint venture, was inaugurated on February 20. His Highness Sheikh Tamim bin Hamad Al-Thani, Emir of the State of Qatar, inaugurated LR2 which represents a step on the road to a better future for the State of Qatar as mapped by the Qatar National Vision 2030.

The grand event was held at Qatar National Convention Center. Guests attending the ceremony included Mr. John T. Yu, CTCI Group Chairman, Mr. Terrence Wu, General Manager of CTCI Qatar Branch, Mr. Hiroshi Ogawa, Senior Executive Vice President of Chiyoda, Mr. Arata Sahara, Senior Vice President of Chiyoda, Mr. Saad Sherida Al-Kaabi, President & CEO of Qatar Petroleum, and Mr. Khalid Bin Khalifa Al Thani, CEO of Qatargas. The completion of LR2 not only symbolizes a transformation in the oil and gas sector but also marks the success of long term business partnership between Taiwan and the Middle East. 

With the inauguration of LR2, it is expected that Qatar’s condensate refining capacity will be doubled to 292,000 barrels per day. LR2, along with LR1, is important to strategically strengthen Qatar’s energy mix and solidifies its position as the world’s largest condensate producer with the largest refining capacity in the world. Most importantly, the ultra low sulfur diesel and other products of LR2 meet stringent Euro-5 standards and are ideal to satisfy the current demand for high quality oil products.

CTCI has executed an Ethylene Tank Project of Qatar Petrochemical Company in Qatar dated back to 2012. In 2013, CTCI successfully contracted Laffan Refinery 2 in Ras Laffan Industrial region in Qatar with Chiyoda as a joint venture. The project is implemented within schedule in 39 months. With an excellent record reached in this project, CTCI will continue to serve clients and win their recognition by delivering reliable services in the days to come. 

A group photo of CTCI Group Chairman John T. Yu (2nd from the right), Terrence Wu (1st from the left), General Manager of CTCI Qatar Branch, Kevin Chuang (2nd from the left), Project Manager of LR2, and Michael C. Chang (1st from the right), Senior General Manager of Marketing & Sales Dept.