Tasweeq, ADNOC sign first condensate term contract

February 17, 2014 - 12:38:22 am

DOHA: Qatar International Petroleum Marketing Company (Tasweeq) yesterday announced that it has recently entered into its first term contract with Abu Dhabi National Oil Company (ADNOC) for the sale and purchase of Qatar Condensates.

Tasweeq, in a press statement, said that the agreement was signed by Saad Al Kuwari, Tasweeq’s CEO and Sultan Al Mehairi, ADNOC’s Director of Marketing and Refining in the presence of senior representatives from both companies here.

Al Kuwari expressed his gratification in support of this agreement and said: “Under the guidance of H E Dr Mohammed bin Saleh Al Sada, Minister of Energy and Industry and Tasweeq’s Chairman, we signed the agreement with ADNOC, which will not only reinforce the relationship between ADNOC and Tasweeq, but will also fortify the economic association between our companies. It is important we carry forward this partnership to new heights in the coming years.”

Al Mehairi added: “I am pleased to announce the success of the first condensate term contract between ADNOC and Tasweeq”. He affirmed that this cooperation will lead to further developing business relations between ADNOC and Tasweeq. The Peninsula