Saudi Aramco sells term naphtha supplies for loading in H2 2013

09 July 2013 04:13  [Source: ICIS news]

SINGAPORE (ICIS)--Saudi Aramco has sold term naphtha cargoes for loading from Rabigh and Jeddah along the Red Sea in July-December this year, traders said on Tuesday.

The cargoes were sold at a premium of $32/tonne (€25/tonne) to Middle East quotes FOB (free on board), they added.

No details on term volumes and buyers were immediately available.

Saudi Aramco typically sells naphtha for loading from Ras Tanura in the eastern part of Saudi Arabia on a spot basis, traders said.

($1 = €0.78)

By: Felicia Loo

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