Tasweeq, Idemitsu Mark 35 Years of Business Ties, Sign New MoU

Doha, April 13 (QNA) – Qatar International Petroleum Marketing
Company (Tasweeq) and its Japanese partner Idemitsu, celebrating 35
years of business ties, signed a new Memorandum of Understanding
(MOU) to provide a platform for the exchange of training and
development programmes connected to operations and management of the
downstream oil industry.

Tasweeq held a special event to mark 35 years of business relations
with Idemitsu recently.

Set up in 1911 in Moji, the Japanese company is doing business in
petroleum refining, manufacture and sale of oil products for over 100
HE the Minister of Energy and Industry, and Tasweeq Board of
Directors Chairman, Dr Mohammed bin Saleh Al-Sada and HE the
Ambassador of Japan to the State of Qatar Shingo Tsuda attended the

Idemitsu Representative Director and Chief Executive Officer Takashi
Tsukioka and senior executives and directors from Tasweeq, Qatar
Petroleum and Idemitsu also attended the ceremony held April 3,
Tasweeq said.

Hailing Qatar-Japan business ties, Tasweeq’s Chief Executive Officer
and Board member Saad Al-Kuwari said, “We are so proud of our
business relations with Idemitsu which continue to grow and flourish.
In addition to crude oil, Tasweeq also supplies other products to
Speaking at the event, Tsukioka thanked HE Dr. Al-Sada and Tasweeq’s
management for their support to Idemitsu.

“I’m so delighted and honoured to celebrate the 35th anniversary of
our business tie-up. The total volume of Qatar crude transferred
during these 35 years has reached almost 500 million barrels. This is
a testament of our strong and enduring relationship which I hope will
continue for many years to come,” said Tsukioka.

Business relations particularly in energy, rank high between Qatar
and Japan bilateral relationship. Idemitsu and Qatar ties initially
began through Qatar Petroleum in 1979, when the first shipment of
Qatar crude oil reached the shores of Japan.

In 1988, a long-term contract for the supply of Qatar crude oil was
established. This relationship was carried through by Tasweeq in the
recent years and the term contract is now in its 25th year. (QNA)

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