(Bloomberg) -- Kuwait Petroleum Corp., the Middle
East's biggest exporter of refined oil products, offered to sell
naphtha at a higher premium, said three traders involved in the
discussions. Talks began this week at the company's London office.
The refiner offered to sell naphtha at a premium of $24 a
metric ton to benchmark prices for cargoes loading in the year
starting August, an increase of 37 percent. Kuwait Petroleum had
agreed to sell naphtha at a premium of $17.50 a ton for cargoes
loading between August 2006 and July 2007.
Read more at Bloomberg Energy News
East's biggest exporter of refined oil products, offered to sell
naphtha at a higher premium, said three traders involved in the
discussions. Talks began this week at the company's London office.
The refiner offered to sell naphtha at a premium of $24 a
metric ton to benchmark prices for cargoes loading in the year
starting August, an increase of 37 percent. Kuwait Petroleum had
agreed to sell naphtha at a premium of $17.50 a ton for cargoes
loading between August 2006 and July 2007.
Read more at Bloomberg Energy News
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