Oman’s ORPC sells first light naphtha cargo from new petrochemical plant

Oman Refineries and Petrochemicals Co. (ORPC) has sold its first light naphtha cargo from its new petrochemical plant to Vitol at a small premium. The cargo of 30,000 cubic meters of the light fuel for prompt Sept. 14-16 loading from Sohar was sold to a Western trader at a premium of US$2-4/ton to Middle East spot quotes on a free-on-board (FOB) basis. The plant, with a nameplate capacity of nearly 820,000 tpa of paraxylene and 210,000 tpa of benzene- could not secure the desired amount of full-range naphtha from Kuwait Petroleum Corp (KPC). Hence it is running at aver 30% of its nameplate capacity, using heavy naphtha from ORPC.
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