QP signs 5-year condensate sale deal with Exxon in Singapore

Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP) has recently concluded a five-year sale agreement with ExxonMobil Trading Asia Pacific Pte Ltd (EXTAP), a division of ExxonMobil Asia Pacific Pte Ltd based in Singapore. Under the agreement, QPSPP will supply ExxonMobil’s Singapore Integrated Manufacturing Complex with a total of 6 million barrels of Low Sulfur Condensate per year starting in July 2019. This supply agreement is the first condensate long-term sale to an end-user in Singapore, highlighting QPSPP push for more direct sales with established end-users.