Environment
Kuwait Adds to Signs Hormuz Is Reopening With Offer for Products
Key Points
Energy Kuwait Adds to Signs Hormuz Is Reopening With Offer for Products Kuwait is asking customers to pick up refined petroleum from its ports deep inside the Persian Gulf, as the region’s oil giants try to ratchet up production and traffic through the Strait of Hormuz increases. National oil company Kuwait Petroleum Corp. issued a tender to sell naphtha — used to make gasoline and plastics — requiring buyers pick up cargoes from the country’s ports, according to a document seen by...
Energy
Kuwait Adds to Signs Hormuz Is Reopening With Offer for Products
Kuwait is asking customers to pick up refined petroleum from its ports deep inside the Persian Gulf, as the region’s oil giants try to ratchet up production and traffic through the Strait of Hormuz increases.
National oil company Kuwait Petroleum Corp. issued a tender to sell naphtha — used to make gasoline and plastics — requiring buyers pick up cargoes from the country’s ports, according to a document seen by Bloomberg. To reach customers, these would need to transit the waterway.