QP signs 3-year naphtha deal with Indian company

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Qatar Petroleum has signed a three-year sale agreement to supply India’s Haldia Petrochemicals Limited (HPL) in the West Bengal state, with a total of 600,000 tonnes of light naphtha.

The deal signed for and on behalf of Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP), will start this year, QP said on Wednesday.

This long-term supply agreement is the first QPSPP naphtha feedstock sale to an end-user in India, highlighting QPSPP push for more direct sales with established end-users.

Marking this important milestone, QP president and CEO Saad Sherida al-Kaabi said, “India is a very important country and energy partner for Qatar and we are proud of our longstanding excellent partnership. Qatar Petroleum Group of Companies continue to explore new opportunities with Indian counterparts to further enhance our co-operation on all fronts, and to effectively contribute to satisfying India’s growing demand for energy.

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“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.”

HPL is one of the largest petrochemical companies in India. It has a competitive modern naphtha based petrochemical complex located some 125km from Kolkata, with a total capacity equivalent to 700,000 tonnes per annual of ethylene.

Published on 13 September 2018

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