Bangladesh Petroleum offers June naphtha

18 April 2008 03:29  [Source: ICIS news]

SINGAPORE (ICIS news)--Bangladesh Petroleum Corp (BPC) has issued a tender to sell naphtha for early June lifting, industry sources said on Friday.

The tender offers 110,000 bbls of open-specification naphtha to be lifted over 2-5 June from Chittagong. Tender closes on 13 May, with validity till 18 May.

BPC previously sold a similar cargo at a discount of $2.47/bbl (€1.56/bbl) to Singapore quotes FOB (free on board) Chittagong for lifting over 25-28 April to a western trader.

BPC, owner of the country's sole 11m bbl/year refinery, produces 1.8m bbls of naphtha a year.

($1=€0.63)

By: Desmond Chia
+65 6780 4359

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