Posted on April 13, 2014

A special celebration to mark 35 years of business relations with Idemitsu was held by Qatar International Petroleum Marketing Company Ltd. (Tasweeq) in Doha on April 3.

This celebration was attended by His Excellency Dr. Mohammed bin Saleh Al-Sada, Minister of Energy & Industry and Tasweeq’s Chairman of the Board of Directors, His Excellency Shingo Tsuda, Ambassador of Japan to the State of Qatar and representatives from Idemitsu headed by Mr. Takashi Tsukioka, Representative Director & Chief Executive Officer.

Business relations particularly in the field of energy, occupy a high rank in the bilateral relationship between Qatar and Japan. The relationship of Idemitsu and Qatar 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.

Speaking at the ceremony, Mr. Saad Al-Kuwari, Tasweeq’s Chief Executive Officer and Board member said, “One of the most significant aspects of the Japan-Qatar business relationship is the sale and purchase of crude oil.  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 Idemitsu.

Tasweeq and Idemitsu celebrate 2 [].jpgIn his speech, Mr. Takashi, Tsukioka thanked His Excellency Dr. Al-Sada and Tasweeq’s management for their support to Idemitsu.  He stated, “I’m so delighted and honored to celebrate the 35th anniversary of our business tie-up.  The total volume lifted for Qatar Crude during these 35 years has reached almost 500 million barrels and this is indeed a testament of our strong and enduring relationship which I hope will continue for many years to come.”

A highlight of the ceremony was the signing of the Memorandum of Understanding (MOU) between Tasweeq and Idemitsu. The main objective of this MOU is to provide a platform for the exchange of training and development programs and experiences in relation to the operations and management of the downstream oil industry.

In the final segment of the ceremony, the guests enjoyed a rich cultural fusion through the melodies played by Japanese violinists and the rhythms of the Arabic band. The ceremony was held at the Renaissance City Centre Hotel in West Bay, and was also attended by senior executives and directors from Tasweeq, Qatar Petroleum and Idemitsu.