Qatar Petroleum has a signed deal with India’s Haldia Petrochemicals (HPL) to ship 600,000 tons of light naphtha over three years, the company said in a press statement.
The agreement is Qatar Petroleum’s first direct naphtha feedstock sale to India, and comes as a part of the company’s push for more direct sales to established end users.
“India is a very important country and energy partner for Qatar and we are proud of our longstanding excellent partnership,” Saad Sherida Al-Kaabi, president and chief executive of Qatar Petroleum, said.
“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,” he continued.
HPL is one of the largest petrochemical companies in India, its naphtha-based facility near Kolkata processing around 700,000 tons of ethylene each year.