29 April 2017

Doha, Qatar – In a move aimed at supporting Qatar’s petrochemical industry, Qatar Petroleum (QP) recently signed agreements to supply additional quantities of ethane, which is used as feedstock, to a number of subsidiaries of Industries Qatar (IQ) and Mesaieed Petrochemical Holding Company (MPHC).

The agreements for additional ethane volumes were signed with each of QAPCO, Q-Chem 1, Q-Chem 2, and Qatofin. The new agreements are designed to enable these companies to reach the maximum capacity of their respective facilities, thus raising their efficiency and improving profitability.

Mr. Saad Sherida Al-Kaabi, QP President and CEO, said "this important step was driven by Qatar Petroleum’s keenness to maximize benefit from our natural resources, especially in the vital petrochemical sector. It also comes in support of Qatar’s national industry and the important role it plays in boosting the growth and development of our national economy."

The total additional ethane volumes that will be supplied to the four companies will be approximately one thousand metric tons per day which equates to an increase of approximately 10% compared to the base quantities.

About Qatar Petroleum
Qatar Petroleum is an integrated national oil corporation responsible for the sustainable development of the oil and gas industry in the State of Qatar.

QP’s activities encompass the entire spectrum of the oil and gas value chain locally, regionally, and internationally, and include the exploration, production, processing, marketing and sales of oil and gas, liquefied natural gas (LNG), natural gas liquids (NGL), gas to liquids (GTL) products, refined products, petrochemicals, fertilizers, steel and aluminum.

QP is committed to contribute to a better future by meeting today’s economic needs, while safeguarding our environment and resources for generations to come. Thriving on innovation and excellence, QP is bound to the highest levels of sustainable human, socio-economic, and environmental development.

For more information, please visit www.qp.com.qa

© Press Release 2017