Saudi Arabia's Aramco Trading has for the first time inked a long-term supply tender with Italy and is preparing to move some of these barrels to Asia, industry sources said on Thursday.
Based on Refinitiv and ship brokers' data, Aramco Trading has provisionally booked vessel BW Despina to load 80,000 tonnes of naphtha from Milazzo on Jan. 14 with Japan being the discharge port.
The industry sources added that Aramco Trading likely paid premiums of $20s a tonne to Mediterranean quote on a free-on-board (FOB) basis for the supplies but this cannot be confirmed as the Middle Eastern trader does not typically comment on its deals.
Saudi Aramco says Saudi-Kuwaiti deal paves way for oil production resumptionSaudi Aramco on Wednesday said a new agreement between Saudi Arabia and Kuwait paves the way for the resumption of oil production in the neutral zone ... Energy
Goldman may stabilize Saudi Aramco shares following IPOSaudi Aramco said that Goldman Sachs may stabilize its shares after a record initial public offering earlier this month.Stabilization agents support ... Energy
Saudi Aramco stock dips as it gets added to MSCI, Tadawul indicesSaudi Aramco’s shares opened lower at 37.50 riyals on the Saudi Stock Exchange (Tadawul) following its inclusion in the MSCI, Tadawul indices on ... Financial Markets