Doha, 28 Dec 2023
QatarEnergy has announced a five-year crude oil supply agreement with Shell International Eastern Trading Company, Singapore (Shell).
The agreement stipulates the supply of up to 18 million barrels per annum of Qatar Land and Qatar Marine crude oil to Shell with effective January 2024.
Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, President and CEO of QatarEnergy, said: “We are delighted to sign our first ever five-year crude sales agreement.
This agreement further strengthens QatarEnergy’s relationship with Shell, which is not only a reliable crude oil off-taker, but also a major customer and a strategic partner of QatarEnergy.
He said, 'We look forward to building on our historic relationship and hope we achieve greater success with Shell', he said.
The agreement highlights QatarEnergy’s strategy in establishing longer-term strategic business relationship and cooperation.
QatarEnergy and Shell have a long-standing strategic partnership through several shared investments in the energy industry in Qatar and globally, including QatarEnergy LNG projects, the Pearl GTL Plant, and several other joint investments.
Disclaimer: Asian Telegraph Qatar do not accept any responsibility for any comment posted on our website. Any comment does not necessarily represent the views of the Asian Telegraph Qatar, unless where specifically stated otherwise. We reserve the right to unpublish, or delete parts or the entirety of any comments that deemed to be non-conducive to the discussion.
American Chamber of Commerce Qatar
Bangladeshi Community
Filipino Community
Indian Community
Nepali Community
Pakistani Community
Sri Lankan Community
