Tasweeq offers full-range naphtha, plant condensate for late June

04 May 2012 03:47  [Source: ICIS news]

SINGAPORE (ICIS)--Qatar International Petroleum Marketing Co (Tasweeq) is offering 50,000 tonnes of full-range naphtha and 30,000 tonnes of plant condensate  for 24-30 June delivery, traders said on Friday.

The cargoes will be priced on a naphtha FOB (free on board) Middle East quotes, they said.

Buyers are also allowed to submit their bids on a CIF (cost, insurance and freight), CFR (cost and freight) or DES (Delivered Ex Ship) priced on naphtha FOB (free on board) Middle East quotes, the traders added. For the DES term, a port of destination is to be provided, the traders said.

Successful buyers are to load their full-range naphtha cargoes from Tasweeq’s No 23 liquid berth at Ras Laffan, and their plant condensate parcels from the company’s No 22 liquid berth, the traders said.

Tasweeq will be accepting bids until 14 May, 13:00 Doha time (11:00 GMT), and the bids will remain valid until 17 May, 13:00 Doha time, the traders said.

Tasweeq last sold by tender 50,000 tonnes of full-range naphtha and 25,000 tonnes of plant condensate for loading from Ras Laffan at the end of March, the traders added. The cargoes were purchased at plus $26-27/tonne (€20-21/tonne) to FOB Middle East quotes.

($1 = €0.76)

By: Quintella Koh
+65 6780 4372

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