For inquiries on this matter, please contact
- Mitsui & Co., Ltd.
Corporate Communications Division
Mitsui & Co., Ltd. ("Mitsui") has announced that the Laffan Refinery Co. Ltd., in which Mitsui and Mitsui Europe Plc hold a 4.5% share through their co-owned subsidiary MIT Laffan Refinery Ltd., has commenced production from its Laffan Refinery on 23 September 2009.
Laffan Refinery is the first condensate refinery in Qatar and it has a total processing capacity of 146,000 bpd. The refinery's production capacity will be 61,000 bpd of naphtha, 52,000 bpd of kerojet, 24,000 bpd of gasoil and 9,000 bpd of LPG.
Laffan Refinery was built in line with the national strategy of Qatar aiming to add value to the condensate produced at Qatar North Field, which is the largest single non associated natural gas field in the world. The plant foundation stone was laid in April 2006, and it has commenced production this time.
And this refinery has been designed as an environmental-friendly facility and built in line with stringent environment standards. Especially, a waste water treatment system enables reuse of treated water in various operation of the refinery.
Mitsui has participated in the Qatargas 1 project, the first LNG project in Qatar, as well as the Qatargas 3 project, which is the LNG export project mainly for the market of the United States, and has been deeply involved in the promotion of the resource energy business of this country. Mitsui hopes that with the start of this refining business our relations with the country of Qatar will be stronger and contribute to the further development of the economy including energy field there.
|Location||Doha, the State of Qatar|
|Shareholders (percent of shares)||Qatar Petroleum (51%), Exxon Mobil Corporation (10%), Total S.A. (10%), Idemitsu (10%), Cosmo Oil Co. Ltd. (10%), Marubeni Corporation (4.5%),
MIT Laffan Refinery Ltd. (4.5%)
This press release includes forward-looking statements about Mitsui. These forward-looking statements are based on the current assumptions and beliefs of Mitsui in light of the information currently available to it, and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements. The risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest annual report on Form 20-F, which has been filed with the U.S. Securities and Exchange Commission.
This press release is published in order to publicly announce specific facts stated above, and does not constitute a solicitation of investments or any similar act inside or outside of Japan, regarding the shares, bonds or other securities issued by us.