KPC makes long-awaited foray into medium sulfur gasoil market

摘要

Singapore-Kuwait Petroleum Corporation has made its first foray into the medium sulfur gasoil market, offering a 500 ppm sulfur cargo for loading end-September FOB Kuwait, trading sources said September 9. The refiner's move into the 500 ppm market has been long awaited, with talk of KPC supplying the product stretching back more than a year. "KPC has been gradually improving their refineries over the past few years so its was not completely unexpected," a Singapore-based source said.