Qatar’s Tasweeq sells spot naphtha, plant condensate, GTL for Sept

22 August 2012 02:57  [Source: ICIS news]

SINGAPORE (ICIS)--Qatar International Petroleum Marketing Co (Tasweeq) has sold by tender full-range spot naphtha, plant condensate and gas-to-liquids (GTL) naphtha, for delivery in the last 10 days of September, traders said on Wednesday.

The full-range naphtha and plant condensate will each be loaded in lots of 50,000 tonnes from Ras Laffan port, while the 25,000-30,000-tonne GTL naphtha parcel will be lifted from the same port, they added.

The full-range naphtha fetched a premium of $25/tonne (€20/tonne) to Middle East quotes FOB (free on board), and both the plant condensate and GTL were awarded at a premium of $26/tonne to Middle East quotes FOB, traders said.

Tasweeq had previously closed its August spot sales in mid-July at a premium of $24-27/tonne to Middle East FOB quotes for similar-sized cargoes of full-range naphtha and plant condensate.

($1 = €0.80)

By: Felicia Loo

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