IOC sells two naphtha sell tenders for June

09 May 2008 03:54  [Source: ICIS news]

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

The first tender which offers a 30,000-tonne cargo of full range naphtha for lifting over 5-8 June, was awarded at a premium of $9/tonne to Middle East quotes FOB (free on board) Kandla to a western trader.  

The second tender which also offers a similar cargo for lifting over 15-18 June from Kandla, was sold at a lower premium of $6.50/tonne to Middle East quotes FOB Kandla to another western trader.

Both tenders had closed on 7 May and were valid till 8 May.

IOC previously sold a similar cargo at a premium of $7/tonne tonne to Middle East quotes FOB Kandla to a Japanese trader to be lifted from its Kandla refinery over 24-27 May.

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By: Desmond Chia
+65 6780 4359

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