Qatar Petroleum Signs Three-Year Sale Agreement with India’s Haldia
Qatar Petroleum (QP), for and on behalf of Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP), has signed a three-year sale agreement to supply India’s Haldia Petrochemicals Ltd (HPL) in West Bengal, a total of 600,000 tonnes of Light Naphtha beginning this year.
This long-term supply agreement is the first QPSPP naphtha feedstock sale to an end-user in India, highlighting QPSPP’s push for more direct sales with established end-users.
Marking this important milestone, QP president and CEO Saad Sherida Al Kaabi pointed out the importance of India as an energy partner for Qatar, especially mentioning the countries’ excellent and longstanding partnership.
Qatar Petroleum Group of Companies continue to explore new opportunities with Indian counterparts to further enhance our cooperation on all fronts, and to effectively contribute to satisfying India’s growing demand for energy. Qatar supplies Indian end-users with LNG, crude oil, condensate, LPG and other fuels; and we are proud to be able to strengthen our energy relations with India through HPL as an energy partner for the direct supply of naphtha feedstock.’
HPL is one of the largest petrochemical companies in India. It has a competitive modern naphtha-based Petrochemical Complex located 125 kilometres from Kolkata, with a total capacity equivalent to 700,000 tonnes per annum of ethylene.
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