Monday, June 08, 2009

KPC settles Aug 09-July 10 deal at US$12/ton premium

Kuwait Petroleum Corp (KPC) has concluded a deal for term naphtha for August 2009 to July 2010 about 4 dollars/ton lower than its initial offer on FOB basis. Two buyers in Asia have bought the materiaal at a premium of US$12/ton to Middle East quotes from Asia's second-largest term naphtha exporter.

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