QatarEnergy seals 10-year naphtha supply deal with India’s HPL

By Shilpa Annie Joseph, Official Reporter
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QatarEnergy signs deal with HPL
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QatarEnergy has entered into an agreement to supply India’s Haldia Petrochemicals Limited (HPL) with a total of up to two million tons of naphtha to be delivered over ten years.

The company said that the delivery will be starting in the second quarter of 2024 through HPL’s Singapore-based wholly-owned trading arm, HPL Global Pte. The long-term agreement represents the largest commitment undertaken between the two companies to date.

Haldia Petrochemicals operates an integrated petrochemical complex site at Haldia, West Bengal, India with operations starting in the year 2000. It is one of India’s largest petrochemical companies, utilizing naphtha as its primary feedstock.

Commenting on this occasion, Minister of State for Energy Affairs and QatarEnergy President and CEO HE Saad Sherida Al Kaabi stated that, “We are delighted to enter into this agreement, reaffirming our continued commitment to contributing to India’s economic growth trajectory. We take great pride in the enduring and exemplary relationship between QatarEnergy and Haldia Petrochemicals and between India and Qatar.”

Al Kaabi further emphasized the role Qatar plays as a reliable and trustworthy energy supplier to India, highlighting the collaborative efforts with key Indian partners to meet the evolving demands of the region.

On his part, Haldia Petrochemicals Chairman Dr. Purnendu Chatterjee noted that, “We are pleased to announce this landmark strategic agreement with QatarEnergy. This will further strengthen HPL’s long-standing partnership with QatarEnergy, one of our key partners in this journey of growth. This agreement resonates with HPL’s continuous efforts towards business development and strategic investment to fulfill the demands of our customers worldwide, maintaining the quality of the products HPL has always been known for.”

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