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Muntajat acquires right to export Seef products
04
Apr '13
Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat), a firm having exclusive right to buy, market, distribute and sell all specified regulated chemical and petrochemical products produced in the country to the world, has also obtained rights to market, sale and distribute products of Seef, a semi-government petrochemical firm, Minister of Energy & Industry, Dr. Mohamed bin Saleh al-Sada said.
 
Since April 1, 2013, the company has gained sole rights for marketing heavy alkyl benzene (HAB) and linear alkyl benzene (LAB) produced by Seef. This is another avenue which has enhanced the prospects of the company at home and abroad, Dr. al-Sada added.
 
Contributing around 70 percent of the country’s overall exports of chemical and petrochemical products, Muntajat would significantly help the country achieve its National Vision 2030, Dr. al-Sada, who is also the Chairman of Muntajat, said.
 
Muntajat CEO Abdulrahman Ali al-Abdulla noted that the company has already executed several orders for supplying Qafac and Qafco products to its clients in China, India, Australia, Thailand, Taiwan, UAE, Singapore and South Africa.
 
He said with its portfolio exceeding two-thirds of the country’s overall chemical and petrochemical production capacity, Muntajat is now geared up to bring a change in its marketing, sales and distribution of all regulated chemical and petrochemical goods by mid-2013.
 
Dr. al-Sada said the petrochemical industry is a key driver of Qatar’s growth and it has made the country a major player in the global industry. With investments pouring in the sector, Qatar is set to become the fourth largest producer of chemicals and petrochemicals, globally, over the next 10 years, he added.
 

Fibre2fashion News Desk - India


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