QatarEnergy Signs Five-Year Crude Oil Supply Agreement with Shell

QatarEnergy recently announced a significant five-year crude oil supply deal with Shell International Eastern Trading Company, based in Singapore. Under this agreement, starting from January 2024, QatarEnergy will supply Shell with up to 18 million barrels of Qatar Land and Qatar Marine crude oils annually. His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs and the President and CEO of QatarEnergy, expressed his enthusiasm about the agreement, stating, “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.” This agreement is a testament to QatarEnergy’s strategy of fostering long-term strategic business relationships and cooperation. QatarEnergy and Shell have a well-established strategic partnership, encompassing several shared investments in the energy sector both in Qatar and internationally. This includes collaborations in QatarEnergy LNG projects, the Pearl GTL Plant, and various other joint ventures.