MOSCOW (MRC) -- 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, according to OGJ.
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.
As MRC informed before, in October 2017, ExxonMobil Chemical Company commenced production on the first of two new 650,000 tons-per-year high-performance polyethylene (PE) lines at its plastics plant in Mont Belvieu, Texas. The full project, part of the company’s multi-billion dollar expansion project in the Baytown area and ExxonMobil’s broader Growing the Gulf expansion initiative, will increase the plant’s polyethylene capacity by approximately 1.3 million tons per year.
ExxonMobil is the largest non-government owned company in the energy industry and produces about 3% of the world's oil and about 2% of the world's energy.
MRC