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Kuwait's KPC issues first spot naphtha tender since US-Iran conflict, sources say

According to trade'sources' and a document that was reviewed by, Kuwait Petroleum Corp (KPC), has made its first offer to?sell spot naphtha -cargoes from its ports for?July. This is the company’s first tender since the start of the U.S.Iran War.

Documents showed that the state-owned oil company is offering 55,000 metric tons (495,00 barrels) of petrochemical feedstock or 80,000 tonnes, with the loading scheduled for the weekend of July 5-7 at any port in Kuwait.

The bid closes on 22 June with same-day valid.

KPC didn't immediately respond to a request for comment made outside the working hours of the company.

Two sources confirmed that the refiner had last bid for February shipments in January.

KPC offered prompt June-loading of refined fuels, such as naphtha and diesel via ship-to -ship transfers off the west coast of?India and?Oman or from Fujairah tankers.

(source: Reuters)