Tuesday, January 21, 2020
Latest News

Qatar Petroleum signs 3-year naphtha supply deal with India’s Haldia Petrochemicals

  • 12 September 2018
  • Author: QT01
  • Number of views: 983
Qatar Petroleum signs 3-year naphtha supply deal with India’s Haldia Petrochemicals
Qatar Petroleum has signed three-year sale agreement to supply India's Haldia Petrochemicals Ltd (HPL) in West Bengal, with a total of 600,000 tonnes of Light Naphtha starting in 2018.

The long-term supply agreement, signed by QP for and on behalf of Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP), is the first QPSPP naphtha feedstock sale to an end-user in India, highlighting the company's push for more direct sales with established end-users.

Commenting on the occasion, President and CEO of Qatar Petroleum Saad bin Sherida Al Kaabi said that India is a very important country and energy partner for Qatar, expressing pride of the longstanding excellent partnership between the two sides.

He underlined that Qatar Petroleum Group of Companies continue to explore new opportunities with Indian counterparts to further enhance its cooperation on all fronts and to effectively contribute to satisfying Indias growing demand for energy, noting that Qatar supplies Indian end-users with LNG, crude oil, condensate, LPG and other fuels.

Eng. Al Kaabi expressed pride to be able to strengthen QP 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 tons per annual of ethylene.
Categories: Top News
Rate this article:
No rating

Please login or register to post comments.