Qatar Petroleum, for and on behalf of Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP), has concluded a ten-year sales agreement to supply Thailand’s SCG Chemicals with a total of three million metric tonnes of Light Naphtha starting this April 2019.
This long-term supply agreement is the first QPSPP naphtha feedstock sale to an end-user in Thailand, highlighting the push for more direct sales with established end-users.
Marking the achievement, HE Saad Sherida Al Kaabi, Minister of State for Energy Affairs, and President/CEO of Qatar Petroleum, said the agreement opens wider horizons for cooperation between the two countries, and enhances sustained mutual relations and cooperation for the best interest of both Thai and Qatari peoples.
We look forward to future successes that would support our marketing strategy for direct agreements with end users.’
Cholanat Yanaranop, President of SCG Chemicals Co Ltd, said the long-term agreement is very crucial to 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.’
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.
For more information about the sales agreement, visit qp.com.qa.