SUBSCRIBER NOTE: Platts launches Middle East 92 RON gasoline MOPAG cash differential

In response to market demand, S&P Global Platts has launched the Middle East assessment for 92 RON gasoline cash differential for cargoes loading from the Middle East, with effect from August 1, 2017.

This cash differential, which will follow the same methodology applied to other MOPAG cash differential assessments, will be published under the heading "FOB Arab Gulf ($/barrel)" and be labeled as "Gasoline 92 unleaded premium/discount".

Platts began publishing netback assessments for 92 RON gasoline on an FOB Arab

Gulf basis from September 1, 2016.

A subscriber note announcing the launch can be accessed here: http://www.platts.com/subscriber-notes-details/27637797.

Gasoline specifications differ from country to country in the Middle East.

The proposed gasoline blend represents a generic grade that would be broadly deliverable across the region, in some cases after further blending.

Platts will consider bids, offers and interest to trade 92 RON gasoline cargoes, typically 200,000 to 300,000 barrels, reflecting the proposed specifications for loading 20 to 40 days from the date of assessment.

Market participants need to specify loading for a five-day date range at the time of submitting a bid or offer for publication.

Cargoes loading from the following Gulf ports are considered for inclusion in the FOB Fujairah assessments: Jubail, Jebel Ali, Mina Al Ahmadi, Quoin Island, Shuaiba, Ras Tanura, Ruwais, Mina Abdulla, Sohar, Bahrain, Fujairah, Ras Laffan and any safe and sound port within this geographic area.

The FOB Fujairah outright assessments are normalized to loadings in Fujairah.

Platts only publishes offers where sellers specify at least one and no more than three representative load points and only publishes bids where buyers specify at least three representative load points.

Proposed new specifications for 92 RON Gasoline for the Middle East and current specifications:

Proposed Specifications Appearance Clear Color Undyed Corrosion, Copper Strip Max 1 (3 Hrs. at 50 deg C) Density at 15 deg C g/ml 0.72-0.78 Distillation 10% vol recovered at (deg C) Max 65 50% vol recovered at (deg C) Max 120, Min 80 90% vol recovered at (deg C Max 180 End point (deg C) Max 210 Residue, vol% Max 2 Doctor Test Negative Gum, Existent (mg/100 ml) Max 4 Induction Period (minutes) Min 480 Lead Content (g/L) Max 0.013 Research Octane Number Min 92 Motor Octane Number Min 82 Reid Vapor Pressure at 37.8 deg C Max 9 Sulfur, wt% Max 100 ppm Allowed Oxygenate/MTBE Max 15 (of which max MTBE content of 10.0) (If added) Alcohol No additions of any alcohol Aromatics, vol% Max 35 Benzene, vol% Max 1 Odor Marketable Olefins, vol% Max 18 Additives No metal additives; no metal octane boosters

These new assessments can be found on Platts Global Alert page 2304, 2305, 2320, 2321 and in the Platts Asia Pacific/Arab Gulf Marketscan.

The codes for the new assessments are as follows.

Symbol UOM Description AAGZA00 BBL Gasoline 92 RON Unl FOB Arab Gulf vs MOPAG Gasoline AAGZA03 BBL Gasoline 92 RON Unl FOB Arab Gulf vs MOPAG Gasoline MAvg

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