IOC sells H2 May naphtha cargo at $7/t premium
02 May 2008 07:47 [Source: ICIS news]
SINGAPORE (ICIS news)--Indian Oil Corp (IOC) has awarded its tender to sell 30,000 tonnes of full range naphtha at a premium of $7/tonne for lifting in the second half of May, industry sources said on Monday.
The cargo was sold on an FOB (free on board) Kandla basis to Middle East quotes. Buyer details remained sketchy.
The company offered the cargo to be lifted from its Kandla refinery over 24-27 May. The tender closed on 30 April and was valid till 1 May.
IOC previously sold a similar cargo at a premium of $7/tonne to Middle East quotes FOB Kandla to a Middle Eastern trader for lifting over 18-21 May.By: Desmond Chia
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