QatarEnergy offers naphtha for loading inside Hormuz via tender, traders say

According to Business Recorder, QatarEnergy has put out a spot tender seeking to sell as much as 50,000 metric tons of naphtha, citing multiple traders active in the market on Thursday. The naphtha is offered free on board from Ras Laffan port, which lies within the Strait of Hormuz, with loading set for October 20 to 25. Offers close at 1100 GMT on Thursday.

The state-owned refiner's previous naphtha tender was concluded at a $150 discount to Middle East quotes on the same free-on-board terms, one trader who deals in the product said. The offer is a spot tender, not a longer supply contract. Oil firms usually decline to comment on tenders, so the details come from traders rather than the company.