Bloomberg News

KPI Seeks to Buy Up to 210,000 Tons of Diesel for Italy on Halt

April 10, 2012

Kuwait Petroleum International Ltd., a unit of Kuwait Petroleum Corp., is seeking to buy as much as 210,000 metric tons of ultra-low-sulfur diesel in May and June in Europe, according to a company official.

KPI, as the company is known, is tendering to buy four to seven cargoes of the fuel amid planned maintenance at its Milazzo refinery on the Italian island of Sicily in May, the official, who declined to be identified citing company policy, said today in an e-mailed response.

The tender closes tomorrow, the official said.

Details of the tender are as follows:

---------------------------------------------------------------
Seller:         Kuwait Petroleum International
Spec:           Ultra-low-sulfur diesel
Quantity:       Four to seven cargoes of 30,000 tons each
Delivery:       May to June
Port:           Milazzo
Validity:       April 11
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To contact the reporter on this story: Lananh Nguyen in London at lnguyen35@bloomberg.net Rupert Rowling in London at rrowling@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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