Indian Oil sells 30kt H2 April naphtha

01 April 2008 04:07  [Source: ICIS news]

SINGAPORE (ICIS news)--Indian Oil Corp (IOC) has awarded its tender for second-half April lifting to sell 30,000 tonnes of full range naphtha to a western trader at a premium of $3.75/tonne to Middle East quotes FOB (free on board), industry sources said on Tuesday.

The company offered the cargo for 20-23 April loading from Kandla, in a tender which will close on 27 March, with validity till 28 March.

IOC previously sold a similar cargo from the same refinery to a Middle East trader at around $6.00/tonne FOB over Middle East quotes for first-half April.

By: Desmond Chia
+65 6780 4359

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