Barzan gas project expected to start in 2016
DUBAI: Qatar expects to start operations at its Barzan gas project in 2016 with full output the following year, the Ministry of Development Planning and Statistics said yesterday.
“Hydrocarbon output will get a boost from Barzan, a new pipeline gas production facility scheduled to come on stream in 2016 and reach full capacity in 2017,” the ministry said. “Output from Barzan and an expected recovery in condensate production in 2017 should help to lift aggregate GDP growth above 2015’s in both 2016 and 2017,” it said.
The ministry also said the Ras Laffan 2 condensate refinery is expected to come on stream in the fourth quarter of 2016.
“The refinery will produce jet fuel and gas oil to be sold domestically, and export other products, including diesel, to Asian markets,” the ministry said.
Qatar Petroleum signed an agreement with a consortium led by France’s Total in 2013 to build the $1.5bn refinery.
It will have a production capacity of 146,000 barrels per day (bpd) including 60,000 bpd of naphtha, 53,000 bpd of jet fuel, 24,000 bpd of gasoil and 9,000 bpd of liquefied petroleum gas. The ministry said it expects crude oil production in 2015 to fall by about 6 percent and condensates output to fall by about 8 percent.
Reuters
Doha: Qatar Exchange (QE) index gained 72.23 points, or 0.74 percent, when the bourse closed trading at 9,862.03 points on yesterday.
The daily turnover increased to QR2.3bn with a volume of 7,044,666 shares from 2,995 deals compared with QR2.2bn with a volume of 5,481,666 shares from 3,846 deals on Tuesday.
Indices of all sectors ended in the green yesterday, while Real Estate index sector gained 1.18 percent to 2,230.05 points. Industries sector index also increased 0.89 percent to 2,940.55 points.
QNA
Barzan gas project expected to start in 2016
DUBAI: Qatar expects to start operations at its Barzan gas project in 2016 with full output the following year, the Ministry of Development Planning and Statistics said yesterday.
“Hydrocarbon output will get a boost from Barzan, a new pipeline gas production facility scheduled to come on stream in 2016 and reach full capacity in 2017,” the ministry said. “Output from Barzan and an expected recovery in condensate production in 2017 should help to lift aggregate GDP growth above 2015’s in both 2016 and 2017,” it said.
The ministry also said the Ras Laffan 2 condensate refinery is expected to come on stream in the fourth quarter of 2016.
“The refinery will produce jet fuel and gas oil to be sold domestically, and export other products, including diesel, to Asian markets,” the ministry said.
Qatar Petroleum signed an agreement with a consortium led by France’s Total in 2013 to build the $1.5bn refinery.
It will have a production capacity of 146,000 barrels per day (bpd) including 60,000 bpd of naphtha, 53,000 bpd of jet fuel, 24,000 bpd of gasoil and 9,000 bpd of liquefied petroleum gas. The ministry said it expects crude oil production in 2015 to fall by about 6 percent and condensates output to fall by about 8 percent.
Reuters
Doha: Qatar Exchange (QE) index gained 72.23 points, or 0.74 percent, when the bourse closed trading at 9,862.03 points on yesterday.
The daily turnover increased to QR2.3bn with a volume of 7,044,666 shares from 2,995 deals compared with QR2.2bn with a volume of 5,481,666 shares from 3,846 deals on Tuesday.
Indices of all sectors ended in the green yesterday, while Real Estate index sector gained 1.18 percent to 2,230.05 points. Industries sector index also increased 0.89 percent to 2,940.55 points.
QNA
