QatarEnergy Signs 20-year Naphtha Supply Deal with Shell

QatarEnergy Signs 20-year Naphtha Supply Deal with Shell
TT

QatarEnergy Signs 20-year Naphtha Supply Deal with Shell

QatarEnergy Signs 20-year Naphtha Supply Deal with Shell

QatarEnergy has entered into a long-term naphtha supply agreement with Shell, supplying up to 18 million metric tons of naphtha to the London-listed company over 20 years from next April.

The project is part of the world's largest natural gas field, which Qatar shares with Iran, where it is known as South Pars, Reuters reported.

"We are delighted to sign QatarEnergy's first 20-year naphtha sales agreement, the largest and longest to date," said Saad al-Kaabi, the head of QatarEnergy and also state minister for energy.

QatarEnergy and Shell maintain a long-standing strategic partnership through multiple joint investments in Qatar and globally, including QatarEnergy's LNG projects, the Pearl GTL plant and other shared ventures.



Türkiye Says Exports to Palestinians Surge after Halting Trade with Israel over Gaza War

A Turkish flag with the Bosphorus Bridge in the background, flies on a passenger ferry in Istanbul, Türkiye September 30, 2020. (Reuters)
A Turkish flag with the Bosphorus Bridge in the background, flies on a passenger ferry in Istanbul, Türkiye September 30, 2020. (Reuters)
TT

Türkiye Says Exports to Palestinians Surge after Halting Trade with Israel over Gaza War

A Turkish flag with the Bosphorus Bridge in the background, flies on a passenger ferry in Istanbul, Türkiye September 30, 2020. (Reuters)
A Turkish flag with the Bosphorus Bridge in the background, flies on a passenger ferry in Istanbul, Türkiye September 30, 2020. (Reuters)

Türkiye's exports to Palestinian territories leapt sixfold in the first nine months of the year to $571.2 million, data showed on Tuesday, five months after the country halted trade with Israel in protest over its war in Gaza.

The 526% rise in exports occurred largely after the ban went into effect. In the first four months of the year, Turkish exports to Palestinian territories were up 35% to $49.4 million, according to data from the Turkish Exporters Assembly (TIM).

Turkish opposition lawmaker ​​Mustafa Yeneroglu on Monday submitted questions to parliament about the sharp increase in exports to Palestinian areas and ongoing ship traffic from Türkiye to Israel, despite the trade ban.

Yeneroglu asked Trade Minister Omer Bolat to respond to local media reports that trade with Israel was quietly continuing through Palestinian companies, with shipping documents describing goods as going to Palestinian territories when they were actually going to Israel.

Asked for comment by Reuters, the Trade Ministry pointed to previous statements on the issue. On Sept. 18, it denied trade with Israel was continuing, reiterating that it ended on May 2.

It said Palestinian authorities had declared several times that Turkish goods were used exclusively in Palestinian areas.

These territories encompass the Gaza Strip, the Israeli-occupied West Bank, and Arab East Jerusalem.

The trade ministry imposed export restrictions on 54 categories of products to Israel in April before completely halting exports and imports in early May.

At the time, Türkiye said it would not resume trade with Israel, worth $7 billion a year, until a permanent ceasefire and humanitarian aid were secured in Gaza, becoming the first of Israel's key commercial partners to take such a step.

Israel launched a devastating war against Hamas in Gaza a year ago after the Palestinian Islamist group's deadly cross-border attack.