Kuwait Said to Sell October Naphtha at $35 to $40 a Ton Premiums

Kuwait Petroleum Corp. sold at least 25,000 metric tons of naphtha for loading in October, according to two traders who participate in the market.

The company sold the feedstock for gasoline and petrochemicals at premiums of $35 to $40 a ton to Middle East benchmark prices, the traders said, asking not to be identified because the information is private.

Details of the sale are as follow:

Product:      Naphtha
Quantity:     At least 25,000 tons
Price:        Premiums of $35 to $40 a ton to Middle East
              naphtha prices
Port:         Kuwait
Buyers:       Not disclosed

To contact the reporter on this story: Ann Koh in Singapore at akoh15@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net

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