IOC sells H2 May naphtha cargo
28 April 2008 04:08 [Source: ICIS news]
SINGAPORE (ICIS news)--Indian Oil Corp (IOC) has awarded its tender to sell 30,000 tonnes of naphtha for lifting in the second half of May, industry sources said on Monday.
The tender, which offered the cargo to be lifted from its Kandla refinery over 18-21 May, was awarded at a premium of $7/tonne to Middle East quotes FOB (free on board) Kandla. The buyer is said to be a Middle Eastern trader.
The tender had closed on 24 April and was valid till 25 April.
The new price was much higher that the earlier cargo, which IOC sold at a premium of $6/tonne to Middle East quotes FOB to a western trader for loading in the first half of May from Kandla.
By: Desmond Chia
+65 6780 4359
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