Saad Sherida Al Kaabi (right), President and CEO of Qatar Petroleum, who is also the Chairman of Qatargas Board of Directors ; and Sheikh Khalid bin Khalifa Al Thani, Chief Executive Officer of Qatargas, during the press conference at the QNCC yesterday.
A pipeline connecting Ras Laffan Industrial City to Hamad International Airport (HIA) is expected to be completed by next year, said Qatar Petroleum Chief yesterday. The project is aimed at meeting the long-term demand of JetA1 fuel supply to HIA.
“We have awarded a pipeline (contract) to connect Ras laffan to HIA specifically for jet fuel. So that is already on its way” said Saad Sherida Al Kaabi, the President and CEO of Qatar Petroleum, and the Chairman of Qatargas Board of Directors addressing a press conference after the inauguration ceremony of Laffan Refinery 2 at Qatar National Convention Center ,yesterday.
Replying to a question on the completion of pipeline project he said, “I do not want to give inaccurate number but I think it is probably next year some time. The press release (issued earlier) has the exact number.”
The statement issued by QP in February last year stated that the project will be commissioned in 2019. "When commissioned in 2019, this project will be capable of supplying all of the Jet Fuel demand of Hamad International Airport until 2030 and beyond."
Qatar Petroleum, on February 13 last year had announced that it awarded an Engineering, Procurement, Installation and Commissioning (EPIC) contract to supply Jet Fuel transported from Ras Laffan Industrial City to HIA.
The project will ensure meeting the long-term demand of JetA1 fuel supply to HIA beyond the year 2030, with the option of JetA1 fuel availability from two distinct and separate sources: namely Ras Laffan and Mesaieed.
The project is made up of a number of components including a dedicated 24-inch pipeline from Ras Laffan to Doha, four Jet A1 tanks , booster and mainline pumps, and power and firefighting systems.
Al Kaabi said the Refinery can withstand volatility in oil prices as it a long term investment. “We invest as a long term investor. So weathering the storm of low oil prices is what we are used to. We cannot judge weather our project is going to come on at the top of market or bottom of the market. We are going to be operating this project for 25 years and beyond, so we will see ups and down of the industry. This project is a very important project strategically for Qatar for the products it will produce locally,” he said.
