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Kuwait Petroleum offers naphtha for spot lifting
- Kuwait: Thursday, September 17 - 2009 at 10:31
Kuwait Petroleum Co (KPC) is offering 50,000 tons of naphtha for mid-October lifting, in an indication that its aromatics plant is unlikely to start up next month as expected. 'It seems like the market is not as strong as it appears to be. I shall now reverse my bullish view,' one trader told Reuters. According to traders, the plant, which was to soak up 1.5 million tons of naphtha a year, was due to begin operations initially in April, but that was delayed to July, and later to September and now to Q4.
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StaffThursday, September 17 - 2009 at 10:31 UAE local time (GMT+4)
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