Free Trial

Kuwait’s KPC Agrees VLSFO Supply Contract with Qatar: Argus

OIL PRODUCTS

Kuwait’s KPC has signed a term agreement with Qatar Energy to supply VLSFO from July-June 2025, Argus said.

  • The deal amounts to 2.1m mtpa (21k b/d) and prices at around an $8-$9/mt premium vs Singapore 0.5% marine fuel spot assessment.
  • Qatar Energy had a previous mini VLSFO agreement with KPC last year.
  • This is KPC’s third official term contract since the start-up of the Al-Zour refinery. The refinery produces around 11m-12m mtpa of VLSFO when at full capacity – around 50% of allocated exports.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.