Tuesday, July 10, 2018

China private refiner buys its first Kuwaiti crude oil cargo

REUTERS - JULY 9, 2018

Shandong Dongming Petrochemical Group, China’s largest private refiner, has bought a 1.9-million barrel cargo of Kuwaiti crude oil for end-July loading, the first of its kind since the plant started importing the commodity in 2015, company officials said on Monday.  * The cargo was of Kuwait Export Blend, one of Kuwait Petroleum Corp’s main export grades, with a sulphur content of 2.5 percent, the officials said.