MOSCOW (MRC) -- Muntajat (Qatar Chemical and Petrochemical Marketing and Distribution Company Q.J.S.C.) has signed its first international agency marketing agreement with Total, as per ZAWYA.
Total produces a range of polymers including polyethylene (PE), polypropylene (PP), and polystyrene (PS). With Polymers business unit offices based in Brussels, Belgium, Total also operates a research center in Feluy, Belgium, to pool catalyst expertise and develop new products.
The agreement was signed by Muntajat’s Chief Executive Officer, Abdulrahman Ali Al-Abdulla and Total’s Senior Vice President of the Polymers business unit, Xavier Bontemps. Starting from the 1st of January 2017, Muntajat will market a range of specialty polymers in the Middle East. These products include 9 different grades of Metallocene PE and 12 grades of PS.
Speaking on the significance of this new agreement, Muntajat’s CEO, Al Abdulla said: "This agreement represents a key achievement for Muntajat and acts as a stepping stone for our future growth strategy. By introducing new products to our portfolio we are able to enrich our offerings and give our customers in the region the added value that they need. With this new collaboration with Total, we are able to strengthen our position in the global industry and move closer to our vision of becoming the world leader in the marketing and distribution of downstream products."
Under the new agreement, Muntajat will act as the marketing agent for PE and PS in Saudi Arabia, Oman, Bahrain, Kuwait, United Arabic Emirates, Qatar and Jordan. Muntajat will also be the agent for PE in Egypt. The company plans to market its products through its network of international offices spread in the region.
Commenting on the agreement, Total’s Senior Vice President of the Polymers business unit Xavier Bontemps said: "Total is very selective when choosing an agent as we are always seeking partners who mirror our commitment to excellence in service and best practices. We believe that Muntajat is the partner of choice for us and I am certain that they will help us increase our polymer reach in the region."
This new agreement comes in alignment with Muntajat’s expansion and growth strategy as the company marks 4 years since its establishment. Founded in 2012, Muntajat has created a track record of achievements. From seamlessly transitioning the marketing activities of 12 producing companies to establishing a global marketing network and a network of storage facilities that services customers in more than 120 countries, Muntajat is committed to become a leader in the industry. The company is now focused on enriching its portfolio and expanding its reach to tap into new markets.
As MRC informed previously, in March 2016, The National Petrochemical Company (NPC) of Iran and France-based Total signed an memorandum of understanding (MoU) to build a petrochemical complex in Iran. The complex will include a world-scale steam cracker unit in the coastal area. It will be based on a combination of feedstocks comprised of ethane, naphtha and LPG, as well as other available feed. In addition to steam cracker unit, the complex will include relevant downstream units for supplying its products to domestic and international markets, according to various news reports.
Total S.A. is a French multinational oil and gas company and one of the six "Supermajor" oil companies in the world with business in Europe, the United States, the Middle East and Asia. The company's petrochemical products cover two main groups: base chemicals and the consumer polymers (polyethylene, polypropylene and polystyrene) that are derived from them.
Established in 2012, Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) Q.J.S.C. holds exclusive rights to purchase, market, distribute and sell Qatar’s production of chemical and petrochemical products on the global market. Qatar exports 11 million tonnes per year of chemical, polymers and fertilisers, which are sold to customers in more than 120 countries.