VOL. XL

No. 21

26-May-1997

SAUDI ARABIA

Aramco's Term Naphtha Buyers Agree ToSignificantly Higher Premiums In Second Half 1997

Saudi marketers have secured significantly higher premiums for sales of A-180and full-range naphtha following second half 1997 pricing negotiations held with termpurchasers in Singapore earlier this month. The premium for term sales of A-180 naphtha from Ras Tanuraand Yanbu' has been set at $17/ton, up sharply from $6.50/ton prevailing in the first half ofthe year. The...