Qatar Petroleum (QP), a state owned petroleum company of Qatar, said that it had concluded a 10-year sales agreement to supply Thailand's SCG Chemicals with a total of 3 million metric tons of light naphtha starting from this month.
The agreement was made for and on behalf of the Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP), Qatar Petroleum said in a press release.
This long-term supply agreement is the first QPSPP naphtha feedstock sale to an end-user in Thailand, highlighting QPSPP’s push for more direct sales with established end-users.
Marking this achievement, Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of Qatar Petroleum, said: “We welcome this long-term supply agreement with SCG Chemicals, which is one of Thailand’s largest petrochemical companies. This agreement opens wider horizons for cooperation between the two countries, and enhances sustained mutual relations and cooperation for the best interest of both the 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: “This long-term agreement is very crucial to our 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.”
Chemicals Business, 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.