QP to change crude pricing methodology from February
December 24 2019 12:23 PM
Qatar Petroleum

QNA/Doha

Qatar Petroleum (QP) has announced that from February 2020, pricing for the crude oil grades of Qatar Marine and Qatar Land, marketed and sold by Qatar Petroleum for Sale of Petroleum Products Company Ltd. (QPSPP), will be changed from a "retroactive pricing basis to a prospective pricing basis."
As a result, the new Qatar Marine and Qatar Land crude pricing methodology will be "based on the averages of readily available and transparent regional crude oil pricing benchmarks," QP said Tuesday.
The change to the pricing methodology will improve the overall competitiveness of Qatar Marine and Qatar Land, and allow existing and new customers to better align and compare the Qatari crude grades with other crude grades.

Last updated: December 24 2019 11:38 PM


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