SAUDI ARABIA

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,...