Qatar Petroleum to supply condensate to ExxonMobil’s Singapore complex
QPSPP, Qatar Petroleum’s marketing arm, has executed a 5-year agreement to supply 6 million bbl of low-sulfur condensate to ExxonMobil Asia Pacific’s integrated manufacturing complex in Singapore.
Qatar Petroleum for the Sale of Petroleum Products Co. (QPSPP), the marketing arm of Qatar Petroleum, has executed a 5-year agreement to supply 6 million bbl of low-sulfur condensate to ExxonMobil Asia Pacific Pte. Ltd.’s integrated manufacturing complex in Singapore, which has a crude oil processing capacity of 592,000 b/d and includes two steam crackers.
The 5-year sales agreement, which began in July, is the first condensate long-term sale to an end-user in Singapore, highlighting QPSPP’s push for more direct sales with established end users, QPSPP said.
Further details regarding the deal were not disclosed.
The long-term sales agreement follows a series of recently completed refining and upcoming petrochemical projects at ExxonMobil’s Singapore integrated manufacturing complex, the company’s largest (OGJ Online, July 8, 2019; June 12, 2019; Apr. 2, 2019).
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