Friday, January 15, 2010

Idemitsu buys naphtha from BPCL by tender for the first time in over a year

Idemitsu Kosan Co. no longer holds a December-November term contract with Kuwait since last year. The Japanese petrochemical maker has bought a naphtha cargo from India’s Bharat Petroleum Corp Ltd (BPPCL) by tender for the first time in over a year at a premium of around US$35/ton to Middle East quotes, FOB basis.

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