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- TAQA Group reports Q1 revenue of $ 3.87bn, up 3.8%
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17/06/2015 16:17 AST
Kuwait-based trading firm Independent Petroleum Group bought a jet fuel cargo for loading in July from state-owned Kuwait Petroleum Corp in a rare move, traders said.
IPG bought 60,000 tonnes of the aviation fuel from KPC for loading over July 17 to 20 at a premium of between $1.70 and $1.75 a barrel over Middle East quotes, the traders said.
This is the first time in several years that IPG has bought jet fuel from KPC, they added. IPG usually trades in gasoil and only occasionally trades in jet fuel which is then used to co-load with gasoil cargoes, one of them said.
It is not clear what IPG was planning to do with this cargo. IPG officials declined to comment on the matter.
IPG has business in the Red Sea, Arabian Gulf, east Mediterranean and East Africa, and plans to expand in the Mediterranean, Indian subcontinent and the Far East, according to the company website.
In the same tender, KPC sold another 60,000-tonne jet fuel cargo for the same loading dates to Shell at a premium of between $1.80 and $1.85 a barrel to Middle East quotes, industry sources said.
Reuters
03/08/2010
Independent Petroleum Group Company (IPG) reported that the board of directors met on Aug 2, 2010 and adopted the financial statements for the half year ending June 30, 2010. For the three months end
Arab Times
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| SAUDIARAMCO | 26.15 | 0.05 (0.19 |
| ABAR | 150.00 | -4.00 (-2.60 |
| ADNOCGAS | 3.33 | 0.01 (0.30 |
| ADNOCDRILL | 5.27 | -0.05 (-0.94 |
| BAHRI | 31.50 | 0.85 (2.77 |
16/05/2025
Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utilities companies in Europe, the Middle East and Africa, has delivered a 3.8% year-on-year revenue growth, reaching AE
Trade Arabia
16/05/2025
Abraj Energy Services has signed a contract with BP Oman to provide a drilling rig for operations in Block 61, with the rig expected to become operational in the fourth quarter of 2025.
The
Muscat Daily
16/05/2025
Commercial Bank, a leader in innovative digital banking solutions, has unveiled its all-new Corporate Mobile Banking App, setting a new standard for business banking in the region.
This stat
Gulf Times
16/05/2025
Emirates NBD is rolling out a new AI-driven solution to strengthen its compliance checks on payments and trade transactions, as part of a wider effort to improve safety, speed, and transparency in fi
Gulfnews
16/05/2025
In line with its leading and responsible role in the banking industry, National Bank of Kuwait continues to advance confidently towards building a sustainable future by implementing its environmental
Kuwait Times
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