Kuwait Petroleum sells 49,000 tonnes naphtha for H2 August

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

SINGAPORE (ICIS)--Kuwait Petroleum Corp (KPC) has sold 25,000 tonnes of full-range naphtha and 24,000 tonnes of light naphtha in the spot market, to oil major Shell, traders said on Thursday.

The deal for the cargoes was done at a premium of around $28/tonne (€21/tonne) to Middle East FOB (free-on-board) quotes, they said.

The loading dates for the full-range naphtha cargo will be on 23-24 August, while the light naphtha cargo is scheduled for loading on 27-28 August, traders said.

Previously, KPC awarded an export tender for 24,000 tonnes of light naphtha, as well as 50,000 tonnes of full-range naphtha, for loading on 14-22 August.

The deal for the cargo was done at Middle East quotes FOB pricing plus $28/tonne.

($1 = €0.76)

By: Felicia Loo

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