Kuwait Petroleum sells 150,000 tonnes naphtha for H2 March

08 February 2011 08:42  [Source: ICIS news]

SINGAPORE (ICIS)--Kuwait Petroleum Corp (KPC) has sold 150,000 tonnes of spot naphtha for loading in the second half of March, traders said on Tuesday.

The material sold comprised light and full-range naphtha, they added.

The cargoes were sold at a premium of $20-21/tonne (€14.80-15.50/tonne) to Middle East quotes FOB (free on board). The price was slightly higher than KPC’s previous spot tender, which fetched a premium of close to $19/tonne to Middle East quotes FOB for loading on 14-25 February.

($1 = €0.74)

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By: Felicia Loo

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