QatarEnergy Announces Five-year Crude Supply Agreement with Shell

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Doha, 28 Dec 2023

QatarEnergy has announced a five-year crude oil supply agreement with Shell International Eastern Trading Company, Singapore (Shell).

The agreement stipulates the supply of up to 18 million barrels per annum of Qatar Land and Qatar Marine crude oil to Shell with effective January 2024.

Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, President and CEO of QatarEnergy, said: “We are delighted to sign our first ever five-year crude sales agreement.

This agreement further strengthens QatarEnergy’s relationship with Shell, which is not only a reliable crude oil off-taker, but also a major customer and a strategic partner of QatarEnergy.

He said, ‘We look forward to building on our historic relationship and hope we achieve greater success with Shell’, he said.

The agreement highlights QatarEnergy’s strategy in establishing longer-term strategic business relationship and cooperation.

QatarEnergy and Shell have a long-standing strategic partnership through several shared investments in the energy industry in Qatar and globally, including QatarEnergy LNG projects, the Pearl GTL Plant, and several other joint investments.

/ 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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