Kuwait's KPC sells 75,000 tonnes naphtha at $20/tonne premium

05 July 2012 12:02  [Source: ICIS news]

SINGAPORE (ICIS)--Kuwait Petroleum Corp (KPC) sold 75,000 tonnes of full-range naphtha for early August loading at a premium that is higher than its previous deal, traders said late on Thursday.

It concluded a deal at a premium of around $20/tonne (€16/tonne) to Middle East quotes FOB (free on board) but details of the buyer were not immediately available.

The same seller last sold 50,000 tonnes for second-half July loading at a $10.00-11.00/tonne premium.

($1 = €0.80)

By: Yeow Pei Lin

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