DOHA, Qatar : - Qatar Petroleum, for and on behalf of Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP), has concluded a 10-year sales agreement to supply Thailand’s SCG Chemicals with a total of 3 million metric tons of Light Naphtha starting from April 2019.
This long-term supply agreement is the first QPSPP naphtha feedstock sale to an end-user in Thailand, highlighting QPSPP’s push for more direct sales with established end-users.
Marking this achievement, His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of Qatar Petroleum, said: “We welcome this long-term supply agreement with SCG Chemicals, which is one of Thailand’s largest petrochemical companies. This agreement opens wider horizons for cooperation between the two countries, and enhances sustained mutual relations and cooperation for the best interest of both the Thai and Qatari peoples. We look forward to future successes that would support our marketing strategy for direct agreements with end users.”
Mr. Cholanat Yanaranop, President of SCG Chemicals Co., Ltd., said: “This long-term agreement is very crucial to our petrochemical business in Thailand. It provides the security and quality feedstock to the upstream facilities which will strengthen our total value chain through downstream plants.”
Chemicals Business, SCG is one of the largest integrated petrochemical companies in Asia. SCG Chemicals manufactures and supplies a full range of petrochemical products ranging from upstream monomers to downstream polymers including polyethylene, polypropylene, polyvinyl chloride, polystyrene and MMA.
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 and beyond.
Qatar Petroleum’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.
Qatar Petroleum 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, Qatar Petroleum is bound to the highest levels of sustainable human, socio-economic, and environmental development.
For more information, please visit www.qp.com.qa
About Qatar Petroleum for Sale of Petroleum Products Company Limited (QPSPP)
Qatar Petroleum for the Sale of Petroleum Products Company Limited ("QPSPP"), formerly known as Qatar International Petroleum Marketing Company Ltd. (Tasweeq), is a company established pursuant to Decree Law No. (15) of 2007 concerning the Organization of Marketing and Selling of Regulated Products Outside the State of Qatar, and is wholly-owned by the State of Qatar. In 2016, pursuant to Law No. (9) of 2016, Qatar Petroleum was appointed by the State of Qatar as QPSPP's marketing agent.
© Press Release 2019