IOC issues one more H2 May naphtha sell tender

28 April 2008 04:11  [Source: ICIS news]

SINGAPORE (ICIS news)--Indian Oil Corp (IOC) has issued a tender to sell 30,000 tonnes of full range naphtha for lifting in the second half of May after having sold a similar cargo last week, industry sources said on Monday.

The company has offered the cargo to be lifted from its Kandla refinery over 24-27 May. The tender will close on 30 April and will be valid till 1 May.

IOC sold a similar cargo last week at a premium of $7/tonne to Middle East quotes FOB (free on board) Kandla to a Middle Eastern trader for lifting over 18-21 May.

By: Desmond Chia
+65 6780 4359

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