Indian Oil issues June-Sept naphtha sell tender

14 April 2008 09:31  [Source: ICIS news]

SINGAPORE (ICIS news)--Indian Oil Corp (IOC) has issued a term tender to sell 122,000-126,000 tonnes of naphtha for lifting from June to September, industry sources said on Monday.

The tender offers a 30,500-31,500 tonne full range naphtha cargo to be lifted on 11-13 of each month from June to September from the port of Dahej on the west coast of India. The tender closes on 16 April, with validity till 17 April.

IOC previously sold similar cargoes at around premium of $9.00/tonne to Middle East quotes FOB (free on board) Dahej.

The port of Dahej is linked to the 274,000 bbl/day IOC Koyali refinery via a 112-km product pipeline.

By: Desmond Chia
+65 6780 4359

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