Qatar Petroleum, for and on behalf of Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP), has concluded a five-year sale agreement with Shell International Eastern Trading Company (SIETCO), a registered business of Shell Eastern Trading (Pte) Ltd based in Singapore.
Under the agreement, QPSPP will supply SIETCO with a total of 900,000 metric tonnes of full-range naphtha and plant condensate per year, starting in April 2020.
Minister of State for Energy Affairs and President/CEO of Qatar Petroleum, HE Saad Sherida Al Kaabi, said they are pleased to enter the ‘milestone’ agreement and to directly sell to users. SIETCO delivers to customers in key markets in Asia including China, and to Shell’s ethylene cracker in Singapore.
Qatar Petroleum and Shell have a long-standing strategic partnership through several shared investments in Qatar’s energy industry. This includes Qatar Liquefied Gas Company Limited (Qatargas 4), which produces and exports about 7.8 million tonnes of LNG 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 fuelling (bunkering) infrastructure at strategic shipping locations across the globe, as well as exploration operations in Brazil, Mexico and Argentina.
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