Corrected: IOC awards H1 May naphtha sell tenders

Correction: In the ICIS news story headlined "IOC awards H1 May naphtha sell tenders" dated 9 April 2008, please read in the third paragraph …cargo from Kandla was sold at a premium of around $6/tonne… instead of …a premium of around $2-3/tonne…. A corrected story follows.

SINGAPORE (ICIS news)--Indian Oil Corp (IOC) has awarded its tenders to sell 92,000-93,000 tonnes of full range naphtha for lifting in the first half of May, industry sources said on Thursday.

The tenders offered a 30,000-tonne cargo to be lifted from IOC’s Kandla refinery over 7-10 May, one 30,500-31,500 tonne cargo to be lifted from Dahej over 1-3 May and another similar cargo from the same refinery over 11-13 May.

All the tenders closed on 8 April and were valid till 9 April.

IOC previously sold a 30,000 tonne cargo at a premium of $3.75/tonne to a western trader for 20-23 April loading from Kandla.

($1 = €0.63)

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