Kuwait Petroleum Said to Sell Naphtha Cargo for June to Itochu

Kuwait Petroleum Corp. sold about 25,000 metric tons of light naphtha to Itochu Corp. (8001) for loading at the end of June, according to two traders who participate in the market.

KPC sold the cargo at a premium of $31 to $34 a ton to Middle East prices, the people said, asking not to be identified because the information is confidential.

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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