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Emir Opens Laffan Refinery 2

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BUSINESS | Page 1 SPORT | Page 1 Dominant Lekhwiya grab 3-0 win INDEX DOW JONES QE NYMEX QATAR 2-9, 28 COMMENT 26, 27 Global demand for REGION 10 BUSINESS 1-8, 13-16 over UAE’s LNG reaches 265mn 20,629.00 10,912.76 53.69 ARAB WORLD 10, 12 CLASSIFIED 9-13 +41.00 -4.23 +0.29 INTERNATIONAL 13-25 SPORTS 1-12 tonnes in 2016: Shell Jazira +0.20% -0.04% _+0.54% Latest Figures published in QATAR since 1978 TUESDAY Vol. XXXVII No. 10371 February 21, 2017 Jumada I 24, 1438 AH GULF TIMES www. gulf-times.com 2 Riyals Emir opens Laff an Refi nery 2 In brief LR2 has a total processing capacity tional environmental standards”. of 146,000 barrels per day of Al-Kaabi noted that by adding this condensate from the North Field project to Laff an 1, “the refi ning capac- and produces ‘low sulphur Euro-V’ ity will double to 292,000 barrels per specification products such as day, which is equal to 100mn barrels naphtha, jet-A1, ultra-low sulphur per year, making Ras Laff an Industrial QATAR | Event diesel, propane and butane City one of the biggest condensate re- PM inaugurates fi ning locations in the world.” human rights meet By Pratap John The new refi nery processes con- Chief Business Reporter densate to produce fi ve high quality HE the Prime Minister and Minister products. These products support the of Interior Sheikh Abdullah bin energy and industry sectors by provid- Nasser bin Khalifa al-Thani yesterday atar is now home to one of the ing energy sources and raw feedstock inaugurated the International largest condensate refi ners in material, namely naphtha, kerojet (A- Conference on Human Rights Qthe world with HH the Emir 1), diesel and liquefi ed petroleum gas in Approach to Conflict Situations in Sheikh Tamim bin Hamad al-Thani in- the form of propane and butane. It also the Arab Region. The conference is augurating the Laff an Refi nery 2, which creates new economic opportunities by organised by the National Human is majority owned by QP. enhancing export capacity and there- Rights Committee (NHRC) and the LR2 at Ras Laff an has a total process- fore the ability to supply international UN High Commissioner for Human ing capacity of 146,000 barrels per day demand for energy. Rights (OHCHR), in co-operation of condensate from the North Field, the Qatargas CEO Sheikh Khalid bin with the General Secretariat of the largest non-associated natural gas re- Khalifa al-Thani said: “The new refi n- Council of Arab Interior Ministers serve in the world. ery is a clear demonstration of Qatar- and the Arab Network for National The facility will eff ectively double gas’ ability to manage and operate our Human Rights Institutions. A number the condensate refi ning capacity of the resources safely, effi ciently and reliably, of ministers and representatives Laff an Refi nery Complex to 292,000 and further strengthens our reputation of governments and regional and barrels per day, solidifying the coun- for value creation and operational ex- international inter-governmental and try’s unique position as the largest cellence.” Business Page 1 non-governmental organisations condensate producer with the largest attended the opening. Pages 2, 3 condensate refi ning capacity in the world. Pipeline to supply LR2 produces ‘low sulphur Euro-V’ jet fuel to HIA specifi cation products such as naph- HH the Emir Sheikh Tamim bin Hamad al-Thani inaugurating the state-of-the-art Laff an Refinery 2 at a special event held at the tha, jet-A1, ultra-low sulphur diesel Qatar National Convention Centre yesterday. A pipeline and associated facilities to (ULSD), propane and butane. supply jet fuel to Hamad International With Laff an Refi nery 2 going on- tre and attended by senior ministers tar Petroleum president and CEO Saad country, capable of achieving sustain- Airport (HIA) from Ras Laff an would stream, Qatar now has the capacity to and offi cials, project shareholders, and Sherida al-Kaabi, also Qatargas chair- able development and ensuring the be completed “probably next year”, process about 40% of the condensate leading industry executives. man, said: “We are deeply honoured continuation of a dignifi ed life for its said Qatar Petroleum President & from the off shore North Field into high Laffan Refinery 2 is an important by the patronage and presence of His people, generation after generation.” CEO Saad Sherida al-Kaabi. The quality products with low sulphur con- milestone in the development of the Highness the Emir Sheikh Tamim bin He said: “We, in Qatar Petroleum, Engineering, Procurement, Installation tent. oil and gas sector in Qatar due to its Hamad al-Thani.” its subsidiaries and joint ventures, and Commissioning (EPIC) contract Qatargas operates the refi nery on be- strategic role in diversifying Qatar’s Al-Kaabi said: “This inauguration is have been working to achieve the pil- to build a pipeline and associated half of the shareholders – Qatar Petro- energy mix. As such, Laffan Refinery the result of the wise leadership and di- lars of this vision, and have worked to facilities that will be used to transport leum (84%), Total (10%), Cosmo (2%), 2 will make a significant contribu- rectives of His Highness the Emir, and ensure the wise and prudent manage- the jet fuel had already been awarded Idemitsu (2%), Mitsui (1%) and Maru- tion to the sustained, economic de- is another step on the road to a better ment of our hydrocarbon resources, to a joint venture of Consolidated beni (1%). velopment of Qatar by optimising the future as mapped by Qatar Vision 2030, the calculated and diverse invest- Contractors Group & Teyseer HH the Emir inaugurated Laff an Re- country’s natural resources for gen- which was launched by His Highness. ment, the development of the Qatari Contracting Company, al-Kaabi told fi nery 2 at a special ceremony held at erations to come. This vision has laid the foundations citizen, and the ability to implement Gulf Times yesterday. the Qatar National Convention Cen- Addressing the inaugural event, Qa- to transform Qatar into an advanced our projects with the highest interna- HE the Deputy Prime Minister and Minister of State for Cabinet Aff airs Ahmed bin Abdullah bin Zaid al-Mahmoud and HE the Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohamed al-Thani tour the 14th DJWE yesterday as Alfardan Jewellery Company president Ali Alfardan briefs them in the presence of prominent Qatari jeweller Hussain Alfardan and other dignitaries. PICTURE: Shemeer Rasheed Qatari designers make their debut at jewellery and watches exhibition By Ramesh Mathew The DJWE, the fi rst event in the Young Qatari Designers, an initiative Also, this year, DJWE features a Staff Reporter annual calendar of such major shows launched for the fi rst time, allowing central exhibition which has been across the world, has over 50 ex- emerging Qatari designers to shine in especially curated to reveal excep- hibitors representing more than 500 their own dedicated exhibition space. tional, privately-owned jewellery he 14th Doha Jewellery and widely acclaimed global, regional Among the local talents are Fajr al- and timepieces that have never been Watches Exhibition (DJWE) and Qatari brands. Attiya (Trifoglio), Ghada al-Bouanain shown in Doha before. Topened at the Doha Exhibi- Prominent Qatari jewellers Al- (Ghada Al Bouanian), Nada al-Sulaiti DJWE 2017 is organised by Qatar tion and Convention Centre (DECC) fardan Jewellery Company, Al Majed (Hairaat), Nour Alfardan (Noudar), Tourism Authority (QTA) together yesterday. Jewellery, Al Muftah Jewellery, Ali Bin Nouf al-Meer (Nouf Jewellery) and with this year’s partners, Auditoire. Held under the patronage of HE Ali Group, Amiri Gems, Blue Salon Sarah al-Hammadi (Sarah’s & Co). The exhibition, which attracted a the Prime Minister and Interior and Fifty One East have independent Visitors can enjoy unique, interac- large number of families yesterday, Minister Sheikh Abdullah bin Nasser pavilions. According to the organis- tive workshops from Objectif Horlo- is expected to be thronged by many bin Khalifa al-Thani, the six-day ers, approximately 10% of the exhibi- gerie, where watch afi cionados will visitors in the next fi ve days. event was formally opened by HE the tors are making their debut here while get a glimpse into the art of master “We are hopeful that the conven- Deputy Prime Minister and Minister most others have been participating craftsmanship. ient location of the venue and in- of State for Cabinet Aff airs Ahmed since the start of the event 13 years ago. Attendees also have a rare oppor- creased accessibility would draw a bin Abdullah bin Zaid al-Mahmoud, Besides designers of high-end tunity to enjoy the glamour of the number of serious customers in the in the presence of HE the Minister jewellery pieces, several exhibitors past through historical black and next few days,” a QTA offi cial said. of Economy and Commerce Sheikh of precious diamonds, pearls, stones white photography. The Harcourt Entry to DJWE 2017 is free (re- Ahmed bin Jassim bin Mohamed and limited edition and premium Studio, which has told the story of served to visitors above 12) and reg- al-Thani, senior Qatari offi cials and watches have their stalls at the venue. Hollywood’s biggest stars since the istration can be completed at the several exhibitors. Apart from Qatar and other coun- 1940s, enables visitors to have their venue or online at www.djwe.qa Soon after the opening the dig- tries of the region, exhibitors have portraits taken and create an elegant This year’s offi cial DJWE partners, nitaries went around the sprawling also fl own in from the Fast East, Eu- exhibition memento in the privacy of Qatar Airways and Shangri-La Doha venue, where the DJWE is being held rope, South America and India.
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