QP seals 5-year naphtha sale agreement with Shell Dec 04, 2019 0 549 12345 Tribune news networkDOHAQatar Petroleum (QP), for and on behalf of Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP), has concluded a five-year naphtha sale agreement with Shell International Eastern Trading Company (SIETCO), a registered business of Shell Eastern Trading (Pte) Ltd, which is 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, QP said in a statement on Tuesday.Minister of State for Energy Affairs and the President and CEO of Qatar Petroleum HE Saad Sherida al Kaabi, said, “We are pleased to achieve this milestone agreement in our effort to directly sell to users of our products. It is also our pleasure to expand our global relationship with SIETCO, which delivers to customers in key markets in Asia such as 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 fueling (bunkering) infrastructure at strategic shipping locations across the globe, as well as exploration operations in Brazil, Mexico and Argentina. Pages 123 RELATED ARTICLES QSE holds seminar on promoting ESG disclosure among listed firms Dec 04, 2019 0 439 World stocks rattled as Trump says no trade deadline Dec 04, 2019 0 142 Qatar’s M2 hits QR559 bn in Oct Dec 04, 2019 0 172 China to target quarter of vehicle sales to be electric by 2025 AFP Beijing China should adopt a plan that will see electric vehicles make up a quarter of all autos sold in the country in six years’ time, the industry ministry said Tuesday, as the sector struggles with falling sales. A ..