Qatar Petroleum (QP) has signed a three-year naphtha feedstock sale agreement with India’s Haldia Petrochemicals. The agreement is to supply India’s Haldia Petrochemicals in West Bengal with a total of 600,000 tonnes of Light Naphtha starting in 2018, its statement said.
The long-term supply agreement is the first naptha feedstock sale for QP to an end user in India, highlighting its push for more direct sales with end users.
QP President/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.
“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 125 km from Kolkata, with a total capacity equivalent to 700,000 tonnes/year of ethylene.