London +4420 814 42225
Moscow +7495 543 9194
Kiev +38044 599 2950

Our Clients

Order Informer

Home > News >

Kuwait to increase offer for naphtha contract sales to Asia

October 20/2011

(Bloomberg) -- Kuwait Petroleum Corp. offered to sell naphtha cargoes to Asia from December to November at almost double the premium of supplies for the same period this year, according to two people involved in the negotiations.

The Kuwait City-based company, the largest Middle East exporter of refined oil products to Asia, is offering Full-Range naphtha for December 2011 to November 2012 at $23.50 a metric ton above benchmark prices, according to the people, who asked not to be identified because the discussions are confidential. The state-owned company has been selling cargoes at $12 a ton over quotes for December 2010 to November 2011 and most recently agreed to receive an $18.50 premium for shipments from August 2011 to July 2012.

Category:General News
| More

Leave a comment

MRC help


 All News   News subscribe