Qatar Petroleum (QP) has concluded a five-year sale agreement with Shell International Eastern Trading Company (SIETCO) to supply annually 900,000 metric tonnes of full-range naphtha and plant condensate per year, starting in April 2020.
Under the agreement, Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP) will supply the products to SIETCO, a registered business of Shell Eastern Trading, which is based in Singapore.
"We are pleased to achieve this milestone agreement in our effort to directly sell to users of our products. It is also our pleasure to expand our global relationship with SIETCO, which delivers to customers in key markets in Asia such as China and to Shell’s ethylene cracker in Singapore," said HE Saad Sherida al-Kaabi, Minister of State for Energy Affairs as well as QP president and chief executive.
QP and Shell have a long-standing strategic partnership through several shared investments in Qatar’s energy industry. This includes Qatargas 4, which produces and exports about 7.8mn tonnes of liquefied natural gas per annum, and Pearl GTL, the world’s largest gas-to-liquids plant.
The relationship with Shell also includes strategic global partnerships, which include a petrochemical joint venture in Singapore, a joint venture to develop LNG marine fueling (bunkering) infrastructure at strategic shipping locations across the globe, as well as exploration operations in Brazil, Mexico and Argentina.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Mazaya Real Estate eyes partnership with Ariane Real Estate to develop part of Ariane City project
LME targets growth in green aluminium with spot trading platform
China investors pick winners from Xi’s new economic plan
Asian markets end mixed after a rally on Wall Street
Apple to boost digital services through subscription bundles
Mesaieed Petrochemical reports H1 profit of QR135mn on revenues of QR975mn
Ezdan Holding Group reports H1 profit of QR172mn on revenues of QR735mn
Nakilat assumes full management of Q-Flex LNG carrier Al Sadd