Qatar’s Tasweeq sells term naphtha for October ’11-September ’12

26 August 2011 10:04  [Source: ICIS news]

SINGAPORE (ICIS)--Qatar International Petroleum Marketing (Tasweeq) has sold term supplies of full-range naphtha, plant condensate and Pearl GTL (gas-to-liquids) naphtha for loading from Ras Laffan from October 2011 to September 2012, traders said on Friday.

The term cargoes fetched a premium of $20-22/tonne (€14-15/tonne) to Middle East quotes FOB (free on board), they added.

“It’s a set of good results for Tasweeq,” said a trader.

Tight naphtha supply and rising demand helped to support the strong premiums in the tender, traders said.

Tasweeq sold 360,000-600,000 tonnes of full-range naphtha and 360,000-600,000 tonnes of plant condensate as well as 300,000-360,000 tonnes of term Pearl GTL naphtha in the tender.

($1 = €0.70)

By: Felicia Loo

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly