Qatar’s Emir Sheikh Tamim bin Hamad Al Thani on 19 February laid the foundation stone for the new Ras Laffan Petrochemical complex alongside the country’s energy minister and CEO of QatarEnergy Saad al-Kaabi. Also attending was the CEO of QatarEnergy’s 30% partner Chevron Phillips, Bruce Chinn.
The ceremony came just over a year after FID was taken in January, with financing secured in October. Speaking at the ceremony, Mr Kaabi said “The Ras Laffan Petrochemical Complex is being built at a cost of $6bn, making it the largest investment in history of QatarEnergy in Qatar’s petrochemicals sector.” From initial plans of 1.6mn t/y capacity in 2017, the facility’s scale has twice been revised up, to 1.9mn t/y in 2019 and subsequently to 2.08mn t/y. (CONTINUED - 1274 WORDS)
