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FinancialNews


  • 21-08-19

    Qatar Petroleum, EXTAP ink supply agreement

    (MENAFN) Qatar Petroleum (QP) and Singapore's ExxonMobil Trading Asia Pacific (EXTAP) penned a deal on the delivery of condensate feedstock to EXTAP over a five-year period.

    The Integrated Manufacturing Complex of EXTAP will be receiving 6 million barrels of Low Sulfur Condensate annually from QP for the Sale of Petroleum Products Company (QPSPP).

    "This is another milestone in our drive to directly reach well-established Asian end users. Learning the requirements and drivers of the end user and servicing them to our best ability helps build successful relationships and create further growth opportunity for both parties," stated President and CEO of QP H E Saad Sherida Al-Kaabi.

    "It is also great to see our relationship with reliable partners such as ExxonMobil extend not only in Qatar but globally. Singapore is an important market for us and is home to ExxonMobil"s largest refinery and petrochemical complex," Al-Kaabi added.

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