Qatar’s Tasweeq sells Sept naphtha at premium of $19-22/tonne

26 August 2011 04:48  [Source: ICIS news]

SINGAPORE (ICIS)--Qatar International Petroleum Marketing (Tasweeq) has sold by tender 50,000 tonnes of plant condensate and 30,000 tonnes each of full-range naphtha and Pearl GTL (gas-to-liquids) naphtha for loading in September, traders said on Friday.

The port of loading is Ras Laffan.

The company sold the cargoes at premiums of $19-22/tonne (€13-15/tonne) to Middle East quotes FOB (free on board), they added.

Premiums were higher because of demand outpacing supply in Asia, traders said.

In its last tender, Tasweeq sold 25,000-30,000 tonnes of Pearl GTL naphtha, 50,000 tonnes of plant condensate and 50,000 tonnes of full-range naphtha for August at a premium of $12-13/tonne to Middle East quotes FOB for loading from Ras Laffan.

($1 = €0.70)

For more on naphtha, visit ICIS chemical intelligence

By: Felicia Loo

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