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Mr. Saad Al-Kuwari and Mr. Sarakorn Kulatham signing the agreement with PTT at Tasweeq Headquarters in Doha on Feb 10.

Tasweeq signs new contracts with Samsung Total and with PTT

: Monday, March 10 - 2014 @ 10:28

Qatar International Petroleum Marketing Company Ltd. (Tasweeq) Q.J.S.C has entered into a long-term agreement with South Korea’s Samsung Total Petrochemicals Ltd. (STC) for the sale and purchase of Qatar Condensates. This is considered the first condensate deal between the two companies.

The agreement with STC was executed by Mr. Saad A. Al-Kuwari, Tasweeq’s CEO and Mr. Son Seog-Weon, STC’s President and CEO, in the presence of senior representatives from both companies at Tasweeq’s headquarters in Doha on February 3, 2014.

Tasweeq also entered into a long-term agreement with PTT of Thailand for the sale and purchase of Qatar LPG. This is the fifth consecutive agreement with PTT and was executed by Mr. Al-Kuwari and Mr. Sarakorn Kulatham, PTT’s Senior Executive Vice President, International Trading Business in Tasweeq headquarters in Doha on February 10, 2014.

Speaking at both ceremonies, Mr. Al-Kuwari said, “We highly appreciate these agreements and look forward to strengthening our partnerships. We consider such deals as significant milestones of the already strong and mutually beneficial relationship between Tasweeq and its customers. We owe this success to the continuous support of Tasweeq’s board of directors, chaired by His Excellency Dr. Mohammed bin Saleh Al-Sada, Minister of Energy & Industry.”

For more information, please contact:
Mr. Abdulla Al-Marri
Public Relations Manager – Tasweeq
Tel: +974 4497 6248
Fax: +974 4497 6280

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Monday, March 10- 2014 @ 10:28 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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