QatarEnergy announced a five-year crude oil supply agreement with Shell International Eastern Trading Company, Singapore (Shell) on Thursday. Per the agreement, commencing January 2024, Shell will receive a supply of up to 18 million barrels yearly of Qatar Land and Qatar Marine crude oils.
HE Eng. Saad bin Sherida Al Kaabi, Minister of State for Energy Affairs, the 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. We look forward to building on our historic relationship and hope we achieve greater success with Shell."
QatarEnergy and Shell have forged a robust strategic partnership, collaborating on numerous joint investments in the energy industry in Qatar and around the world. These collaborations have included QatarEnergy LNG projects, the Pearl GTL Plant, and other associated ventures.
