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Tasweeq and ADNOC sign first Qatar condensate contract

Industry

Qatar International Petroleum Marketing Company (Tasweeq) has signed its first sale and purchase contract of Qatar condensates with Abu Dhabi National Oil Company (ADNOC)

Qatar condensate is produced by Dolphin Energy and Qatar Shell’s Pearl GTL Plant, located at the North Field gas reservoir in Qatar. The condensate is primarily used in the condensates splitter units and topping refineries. It is also used as a lightning agent for blending heavier crude oil.

According to a press statement, the agreement was signed by Saad Al Kuwari, Tasweeq’s CEO and Sultan Al Mehairi, ADNOC’s director of marketing and refining.

Al Kuwari said, “Under the guidance of Mohammed bin Saleh Al Sada, minister of energy and industry, we have 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 that this cooperation would lead to further developing business relations between ADNOC and Tasweeq.

ADNOC will use Qatar condensate as splitter refinery feedstock.

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