Qatar’s Tasweeq offers full-range naphtha, plant condensate for Aug

06 July 2012 03:34  [Source: ICIS news]

SINGAPORE (ICIS)--Qatar International Petroleum Marketing Co (Tasweeq) offered by tender late on Thursday 50,000 tonnes of full-range naphtha and 50,000 tonnes of plant condensate for second half of August delivery, traders said on Friday.

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

The naphtha cargo will be loaded from Ras Laffan port on 25-26 August while the plant condensate parcel will be lifted from Ras Laffan port on 21-22 August, traders 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) basis priced on naphtha FOB (free on board) Middle East quotes, the traders said.

For the DES term, a port of destination has to be provided, the traders added.

Submission of bids will close on 16 July by 11:00 GMT and the bids will be valid until 19 July, they said.

The spot tender was a result of the unsold one-year term supplies which was offered earlier in May, traders and cracker operators said.

Tasweeq last sold by tender a total volume of 105,000-110,000 tonnes full-range naphtha and plant condensate and for second half of July loading from Ras Laffan at a premium of $10.00-11.00/tonne (€8.10-8.91/tonne) to Middle East quotes FOB quotes.

($1 = €0.81)

By: Ong Sheau Ling
+65 6780 4359

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