Petromin Offers Japanese Buyers Term Contracts for Products Based on Singapore Prices
Saudi Arabia's Petromin is offering potential Japanese buyers term contracts for supplies of Saudi refined products based on a new and more attractive price formula, MEES understands. Under the Petromin proposal, contract deliveries of Saudi porducts would be priced in line with Singapore spot prices - the mean of Platt's plus, where appropriate, a premium decided upon by Petromin,...
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