IOC issues H2 April naphtha sell tender

25 March 2008 07:59  [Source: ICIS news]

SINGAPORE (ICIS news)--State-run Indian Oil Corp (IOC) has issued a tender to sell 30,000 tonnes of full range naphtha for lifting in the second half of April, industry sources said on Tuesday.

The company offered the cargo for 20-23 April loading from Kandla on the west coast of India.

The tender will close on 27 March, and will be valid till 28 March.  

IOC previously sold a similar cargo for 8-11 April loading from the same refinery to a Middle East trader at a premium of around $6/tonne FOB (free on board) over Middle East quotes.

By: Desmond Chia
+65 6780 4359

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