IOC issues two naphtha sell tenders for May

02 May 2008 09:39  [Source: ICIS news]

SINGAPORE (ICIS news)--Indian Oil Corp (IOC) has issued two tenders to sell naphtha for May lifting, industry sources said on Friday.

The first tender is for a 30,000 tonne cargo of full range naphtha for lifting over 5-8 June and the second is for a similar cargo for 15-18 June from Kandla. Both tenders will close on 7 May with bids valid till 8 May.

IOC just sold a similar cargo at a premium of $7.00/tonne to Middle East quotes FOB (free-on-board) Kandla. Buyer details were unclear.

The tender offered a 30,000 tonne full range naphtha cargo to be lifted from its Kandla refinery over 24-27 May.




By: Desmond Chia
+65 6780 4359



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