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Article: Kuwait : Kuwait terminates naphtha contracts for December-November with Japanese buy.

Article from:
TendersInfo
Article date:
November 12, 2009
Copyright

Byline: manish03

After ardous negotiations, Kuwait Petroleum Corp (KPC) has terminated contracts for December-November annual naphtha contracts with all Japanese buyers, in a never before move. This has left naphtha users in Japan with no term supply from KPC for the first time for a one year period. Market grapevine estimates that KPC has limited supplies since much of its full-range naphtha will be diverted to its new aromatics plant. This has resulted in the need to terminate the contract.

These customers that include producers Mitsubishi Chemical Corp, Mitsui Chemicals Inc, Idemitsu Kosan Co and Maruzen Petrochemical Co; and traders Marubeni and ...

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