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  • Qatar Petroleum announces a 5-year LPG supply agreement with China’s Oriental Energy
    édité le 16/10/2018 - Plus de news de "Qatar Petroleum" - Voir la fiche entreprise de "Qatar Petroleum"


Qatar Petroleum announces a 5-year LPG supply agreement with China’s Oriental Energy
Qatar Petroleum has announced the signing of a sale and purchase agreement to directly supply China with 600,000 metric tons of Liquefied Petroleum Gas (LPG) per year for a period of five years.

The long-term agreement was signed by Qatar Petroleum for Sale of Petroleum Products Company Ltd. (“QPSPP”) and Oriental Energy (Singapore), with the contract starting in January 2019.

Mr. Saad Sherida Al-Kaabi, President & CEO of Qatar Petroleum, welcomed the signing, and said “This agreement reflects our marketing strategy for promoting direct engagement with end-users, especially in China. I would like to thank Oriental Energy for concluding this important agreement. We hope this deal will further enhance our energy relationship with China, as we place greater importance to meeting the needs of the world’s largest growing LPG market.”

Mr. Yan Jia Sheng, Vice-President of Oriental Energy Group and Managing Director of Oriental Energy (Singapore) International Trading Pte Ltd, signaled similar sentiments stating, “Through this first step, we hope to build a strong and sustainable relationship with Qatar Petroleum and to continue exploring other areas in which Qatar Petroleum and Oriental Energy can further collaborate on.”

Oriental Energy (Singapore) is a subsidiary of Oriental Energy, responsible for the procurement, trading and logistics of Oriental Energy.

Oriental Energy, China’s largest LPG player, has the largest LPG distribution network and LPG storage facilities in China. In addition, it has five major LPG importing terminals along with several petrochemical facilities.

The LPG industry continues to enjoy sustainable growth in China where LPG is used for domestic use and the growing petrochemical sector.

About Qatar Petroleum

Qatar Petroleum (QP) is a state-owned corporation established by Decree Law No. 10 in 1974. It is responsible for all phases of the oil and gas industry in the State of Qatar.
The principal activities of QP, its subsidiaries and joint ventures are the exploration, production, local and international sale of crude oil, natural gas and gas liquids, liquefied natural gas, refined products, synthetic fuels, petrochemicals, fuel additives, fertilizers, steel and aluminium.
The operations and activities of QP and its affiliates are conducted at various onshore locations, including Doha, Dukhan and the Mesaieed and Ras Laffan Industrial Cities, as well as offshore areas, including Halul Island, offshore production stations, drilling platforms and the North Field.

About Oriental Energy

Oriental Energy Pte Ltd has established in 2008 to provide recruitment services for offshore oil & gas industry, marine industry and shipbuilding industry.
In offshore and marine sectors, we are providing multinational crews for construction barges, oil rigs, FPSO, anchor handling tugs (AHT), supply vessels, merchant marine vessels etc. As for onshore industry we are providing professionals, engineers, office staffs and labors for factory and port cargo handling companies etc.
Oriental Energy Pte Ltd is providing the brokerage services of chartering, sales and purchase offshore and marine vessels/barges for offshore oil and gas projects.
Oriental Energy Pte Ltd has developed to provide project management consultation and procurement services for offshore oil and gas projects. Our objective is to provide professional services to our clients. We are doing our best as to meet client’s requirement, to be efficient in time and budgetary concerns.


Origine : Communiqué Qatar Petroleum

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