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SINGAPORE - Kuwait Petroleum Corp has concluded its 2018 term contracts to sell gasoil and jet fuel, multiple traders said on Monday.
The company has agreed to sell gasoil with a sulphur content of 500 parts per million (ppm) for next year at a premium of 65 cents a barrel to Middle East 500 ppm sulphur gasoil quotes, 5 cents higher than its 2017 term premium, the traders said.
It also sealed its 2018 jet fuel term contracts at a premium of 70 cents a barrel to benchmark Middle East jet fuel quotes, lower than the 90 to 95 cents a barrel agreed to for this year, they added.
Details of volumes and buyers were not immediately known.
KPC could not immediately be reached for official comment on the matter.
(Reporting by Jessica Jaganathan; Editing by Christian Schmollinger) ((Jessica.Jaganathan@thomsonreuters.com; +65 6870 3822; Reuters Messaging: jessica.jaganathan.thomsonreuters.com@reuters.net))
The company has agreed to sell gasoil with a sulphur content of 500 parts per million (ppm) for next year at a premium of 65 cents a barrel to Middle East 500 ppm sulphur gasoil quotes, 5 cents higher than its 2017 term premium, the traders said.
It also sealed its 2018 jet fuel term contracts at a premium of 70 cents a barrel to benchmark Middle East jet fuel quotes, lower than the 90 to 95 cents a barrel agreed to for this year, they added.
Details of volumes and buyers were not immediately known.
KPC could not immediately be reached for official comment on the matter.
(Reporting by Jessica Jaganathan; Editing by Christian Schmollinger) ((Jessica.Jaganathan@thomsonreuters.com; +65 6870 3822; Reuters Messaging: jessica.jaganathan.thomsonreuters.com@reuters.net))
