Kuwait Petroleum sells 24,000 tonnes light naphtha to Glencore

15 January 2013 01:32  [Source: ICIS news]

SINGAPORE (ICIS)--Kuwait Petroleum Corp (KPC) has sold by tender a 24,000 tonne light naphtha cargo to trading firm Glencore for loading in early February, traders said on Tuesday.

The deal for the cargo was done at a premium in the mid-$40s/tonne (€30/tonne) to Middle East quotes FOB (free on board), they added.

The cargo is scheduled for loading on 7-8 February, traders said.

KPC previously sold a 50,000 tonne cargo of spot full-range naphtha to trading firm Vitol for loading in mid-December, at a premium of $27/tonne (€21/tonne) to Middle East quotes FOB.

($1 = €0.75)

By: Felicia Loo

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