Qatar Petroleum Signs 15-Year Agreement to Supply LPG, Naphtha to Vietnam

QP and Vietnam Signs Agreement on LNG

Dubai                                                                                                                                                                                     29 April 2018                                                                                                                                                                (Reuters)

Qatar Petroleum (QP) said on Sunday it has signed an agreement to supply Vietnam with up to 2 million tonnes per year of LPG and naphtha.

It signed the 15-year agreement with Long Son Petrochemicals Company Limited, a subsidiary of The Siam Cement Public Company Limited, QP said in a statement.

“The agreement will commence with the start of Vietnam’s first green-field petrochemical complex, which is being constructed on Long Son Island,” QP said, adding the facility is expected to start production in 2022.

It marks Qatar’s first long-term contract to sell LPG and naphtha directly to Vietnam, said QP CEO Saad al-Kaabi said in the statement.

 

/ Economy

About the Author

M Ashraf Siddiqui

Editor and publisher Ashraf Siddiqui is a well known Qatar based journalist and a social worker. He has been in Arabian Gulf Peninsula over 4 decades and enjoys rich knowledge on Middle East affairs

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