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Kuwait Petroleum Corp lowers naphtha offers to Asia for April 2011-March 2012

17-Feb-11

Kuwait Petroleum Corp (KPC) has lowered its offer for naphtha delivered to Asia for April 2011-March 2012, as per Bloomberg. KPC offered to sell supplies of Full-Range naphtha from April through March 2012 at a premium of US$21/ton to Middle East prices of the fuel, down by a dollar. The company is in price discussions with buyers in Singapore.

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