QatarEnergy has signed a 20-year agreement with Singapore-based Shell International Eastern Trading Company for the supply of 18 million tons of naphtha starting in April 2025.
“We are delighted to sign QatarEnergy’s first 20-year naphtha sales agreement, the largest and longest to date. This is our second such agreement with Shell since 2019 and builds on our strategy of stronger relations with established end-users and partners,” said Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy.
Besides, Wael Sawan, the CEO of Shell, said: “This deal will support Shell as we deliver more value for our customers worldwide. Today’s signing marks another significant milestone in our long-established partnership.”
Source: https://energynewsafrica.com