Kuwait's KPC to hold term naphtha talks for Dec '13-Nov '14 supply

04 October 2013 08:53  [Source: ICIS news]

SINGAPORE (ICIS)--State-owned oil company Kuwait Petroleum Corp (KPC) will be meeting Asian buyers over term naphtha supply for December 2013 to November 2014, traders said on Friday.

The talks will be held in Singapore from next week, they said.

KPC is targeting to sell the term naphtha at a premium of $25/tonne (€18/tonne) to Middle East quotes FOB (free on board) pricing, traders said.

“The [target price] is too expensive,” said one trader.

($1 = €0.73)

By: Felicia Loo

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