Saudi Arabia raises offers for naphtha supply in 2013

Saudi Arabian Oil Co. (Saudi Aramco) offered naphtha supplies in H1-2013 at premiums that are US$7/ton more than in H2-2012, said three people with knowledge of discussions with buyers, as per Bloomberg. Saudi Aramco offered A-310 naphtha at a premium of US$36/metric ton to its benchmark formula, as per unidentified sources. Rabigh and Jeddah grades were at premiums of US$32/ton while Al-Jubail was offered at US$33 and A-180 grade at US$30. For H2-2012, Saudi Aramco set premiums for A-310 at US$33/ton, Al-Jubail at US$29 and A-180 grade at US$31, Rabigh and Jeddah grades were sold at US$25 a ton.
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