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Investor Relations
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FinancialNews
13-09-18
Qatar Petroleum, Haldia Petrochemicals ink naphtha feedstock agreement
(MENAFN) Qatar Petroleum was announced to have inked a sale deal with India's Haldia Petrochemicals (HPL) on providing Light Naphtha.
The Qatari giant, under the deal, is to supply an overall of 600,000 tonnes of Light Naphtha for the Indian company throughout a period of three years, effective this year.
QP inked the agreement for and on behalf of Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP).
The agreement is considered as the first QPSPP naphtha feedstock sale to an end-user in India, as the company seeks to be more active in direct sales with established end-users.
"India is a very important country and energy partner for Qatar and we are proud of our longstanding excellent partnership," as stated Saad Sherida Al-Kaabi, President and CEO of Qatar Petroleum.
Al-Kaabi noted "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."
He added "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."
MENAFN1309201800450000ID1097426066
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