Qatar Petroleum announced that starting 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 averages of readily available and transparent regional crude oil pricing benchmarks.
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.
Qatar Participates in OAPEC Meeting in Kuwait
HE Saad Sherida Al Kaabi, Minister of State for Energy Affairs, led Qatar’s delegation to the 103rd Ministerial Council meeting of the Organization of Arab Petroleum Exporting Countries or OAPEC, in Kuwait. OAPEC was established in 1968, and is headquartered in Kuwait.
For updates and more information, visit qp.com.qa.