Home GCC Qatar Qatar to supply crude oil to Shell in five-year deal Gulf state Qatar is set to supply Shell in Singapore with up to 18 million barrels of oil a year for five years by Reuters December 28, 2023 Qatar has agreed to supply Shell in Singapore with up to 18 million barrels of oil a year for five years in what the Gulf state’s energy company said was its first ever five-year crude sales deal. QatarEnergy said it had agreed with Shell International Eastern Trading Company to supply up to 18 million barrels each year of Qatar Land and Qatar Marine crude oils starting in January. “We are delighted to sign our first ever five-year crude sales agreement. This agreement further strengthens QatarEnergy’s relationship with Shell,” QatarEnergy Chief Executive Saad Sherida Al-Kaabi said in a statement. Tags energy oil Qatar Shell You might also like OPEC+ likely to extend oil production cuts in June: Insight Abu Dhabi’s ADNOC says oil production capacity hits 4.85 million bpd Qatar’s economy grew 1.2% year-on-year in Q3 2023 Saudi Arabia’s Q1 GDP contracts by 1.8%, oil sector weighs