Saudi Arabia Said to Raise Offers for Naphtha Supply in 2013

Saudi Arabian Oil Co. offered naphtha supplies in the first half of 2013 at premiums that are as much as $7 a metric ton more than those in the second half of 2012, said three people with knowledge of discussions with buyers.

The company known as Saudi Aramco yesterday offered A-310 naphtha at a premium of $36 a metric ton to its benchmark formula, the people said, asking not to be identified because the discussions are confidential. Rabigh and Jeddah grades were at premiums of $32 a ton, while Al-Jubail was offered at $33 and A-180 grade at $30, they said.

Nobody answered a telephone call and two e-mails to the company’s media relations department in Dhahran.

For the second half of 2012, Saudi Aramco set premiums for A-310 at $33 a ton, Al-Jubail at $29 and A-180 grade at $31, according to data compiled by Bloomberg. Rabigh and Jeddah grades were sold at $25 a ton.

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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