SAUDI ARABIA

Petromin Sells Products Spot

MEES sources confirm that recent reports that the Saudi state oil company Petromin has begun selling products from its export refineries on a spot basis are accurate. It is understood that potential customers for naphtha, fuel oil, kerosine and gas oil can contact Petromin with a view to negotiating purchases on a spot-related basis. The volumes currently moving under such arrangements remain unclear.

Petromin has for some time been trying to...