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Kuwait sold crude to Asia post-fire at Al-Zour refinery, boosting Middle Eastern supply amid rising Asian demand.
Kuwait Petroleum Corp. sold crude to Asian buyers after a fire on October 21 shut parts of its Al-Zour refinery, a 615,000 bpd facility, with full restart expected by November 7.
The state-owned company offered grades like Kuwait Heavy Crude and Eocene for prompt delivery via rare tenders, though volumes and buyers were not disclosed.
The move follows Indian refiners reducing Russian crude purchases due to U.S. sanctions, increasing demand for Middle Eastern crude and lifting spot premiums in Asia.
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Kuwait vendió crudo a Asia después del incendio en la refinería de Al-Zour, impulsando la oferta de Oriente Medio en medio de la creciente demanda asiática.