Monday, May 21, 2007

Saudi Aramco Increases Premiums on Offers for Naphtha Shipments to Asia

(Bloomberg) -- Saudi Aramco, the world's biggest
state oil company, offered to sell its naphtha at higher premiums
to benchmark prices in the second half of this year.

Saudi Aramco raised the premium for its A-310 naphtha to $20
a metric ton from $3 a ton in the first half of this year, said
traders involved in negotiations in Tokyo with the Dhahran, Saudi
Arabia-based company. Aramco raised the premium by almost
threefold for its A-180 naphtha, the most expensive grade, to $25
a ton from $8.50 a ton.


Read more at Bloomberg Energy News

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