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- Zain Bahrain launches ultra fast EV chargers
- HUMAIN, Adobe to build AI models, applications to suit Middle East culture
- UAE's Space42, EDGE Group plan Satcom manufacturing alliance
- Baker Hughes awarded multi-year contract for Aramco projects
- Riyad Capital launches new $453m residential development fund
- Alkhorayef seals Saudi sewer networks development contract
- Dubai launches 22m sq ft auto market development project
- Kuwait economy to pick up growth momentum in 2026
- QSE to facilitate constructive dialogue with global institutional investors
- Dukhan Bank announces November winners in Thara'a savings account draw
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 | 25.78 | -0.12 (-0.47 |
| ADNOCGAS | 3.39 | 0.00 (0.00 |
| ADNOCDRILL | 5.41 | -0.01 (-0.19 |
| BAHRI | 31.44 | 0.34 (1.09 |
| ADES | 17.02 | -0.03 (-0.18 |
21/11/2025
Zain Bahrain has unveiled 360kW ultra-fast EV chargers at the company's headquarters in Seef, the fastest of its kind in the kingdom, the company said.
The chargers feature advanced liquid-c
Trade Arabia
21/11/2025
Space42, the UAE's leading AI-powered SpaceTech company with global reach, and EDGE Group, one of the world's leading advanced technology and defence groups, today announced the formation of a strate
Trade Arabia
21/11/2025
Baker Hughes, an energy technology company, has announced that it has secured a multi-year contract with China Petroleum Engineering & Construction Corporation (CPECC) for a major project of Saudi oi
Trade Arabia
21/11/2025
Riyad Capital, one of the kingdom's largest asset managers and a leading company in real estate investment, has announced the launch of a new residential development fund valued at SAR1.7 billion ($4
Trade Arabia
21/11/2025
Saudi-based Alkhorayef Water and Power Technologies Company has announced that it has secured a contract worth SAR221 million ($59 million) from the National Water Company for sanitary sewer networks
Trade Arabia
Financial Information Co.
Saudi Arabia