Monday, June 18, 2012

Kuwait Petroleum seals full range naphtha terms deal at record premiums

Kuwait Petroleum Corp. has concluded a deal for a supply of naphtha from August 2012 to July 2013 at US$24/ton to benchmark Middle East prices, higher than April’s rate, as per Bloomberg. The premium set for the August annual contract is US$2/ton higher than the US$22/ton set for a year’s supply beginning in April.

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