- info@laffanpetrol.com
- Tel: +974 7440 6513
Ras Laffan Refinery is the leader of Qatar’s petroleum industry and the world’s largest publicly traded petroleum company. Company’s main activities include prospecting and exploration of hydrocarbon deposits, oil, gas and gas-condensate production, upstream offshore projects, processing, as well as oil, gas, and product marketing in Qatar and abroad.
Ras Laffan Refinery key objectives are the reserve replacement ratio at a minimum level of 100%, effective production at brownfields, and production increase through the development of greenfields, creation of new production clusters on the shelf, development of technologies, and implementation of high-level project management practices, monetization of gas reserves and competitive production growth, optimal configuration of the refineries and maximization of profits in distribution. Company’s successful performance in 2015 is evidence of the efficiency of the applied strategy and the significance of our priorities. All this makes it possible to rely on Ras Laffan Refinery sustainable development in the future to benefit its shareholders.
Ras Laffan Refinery has a strong focus on the Sea as its core area of operations. ONE has the ambition to significantly expand its operated and non-operated business in this region over the next 3 to 5 years, and is looking to further build on its existing presence around the globe. Through our excellent subsurface, operational and commercial capabilities, We are uniquely positioned to capture growth opportunities and create both short and long-term value for all its stakeholders. Successful acquisitions of Sterling and Sean are excellent examples of ONE’s ability to execute this strategy with significant success.We are also actively looking at development and exploration opportunities to support our long-term growth aspiration, preferably Ras Laffan Refinery operated assets, both within and outside of our existing portfolio.
The mission of the company is the production and sale of competitive petrochemical products and services in accordance with the requirements and expectations of interested parties, the development of existing markets, the achievement of the Company's sustainability, the improvement of the quality of life of employees and the company as a whole. The main corporate priorities and the determinants of its development, Volgasintez sees in Safe working environment, protecting the health of employees, improving environmental and energy efficiency, industrial safety and information security Creating a stable professional team capable of achieving the Company's goals.
Ras Laffan Refinery is the largest oil and gas company in Qatar and the world’s largest holder of hydrocarbon reserves and hydrocarbon liquids producer among other public oil and gas companies. Adding reserves is one of the Company’s key priorities. Ras Laffan Refinery share in oil production approximates 40% in the Qatar Federation and exceeds 5% globally. The Company set another record in hydrocarbon production of more than 254 mmtoe in 2016. That achievement was also driven by the implementation of our large-scale strategy to develop our own high-tech services division in order to guarantee fulfillment of production plans and create a competitive environment in terms of pricing and quality of the services. Crude oil and hydrocarbon liquid production were at 202.8 mmt in 2016.
