DOHA: Qatar Petroleum has signed a 3-year sale agreement to supply India’s Haldia Petrochemicals (HPL) in West Bengal, with a total of 600,000 tonnes of Light Naphtha starting in 2018.
The long-term supply agreement, signed by QP for and on behalf of Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP), is the first QPSPP naphtha feedstock sale to an end-user in India, highlighting the company's push for more direct sales with established end-users.
Marking this important milestone, the President and CEO of Qatar Petroleum, 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 cooperation on all fronts, and to effectively contribute to satisfying India’s growing demand for energy. 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 125 kilometers from Kolkata, with a total capacity equivalent to 700,000 tons per annual of ethylene.
