IOC offers term naphtha for H2 2008
03 June 2008 09:52 [Source: ICIS news]
SINGAPORE (ICIS news)--Indian Oil Corp (IOC) is offering up to 180,000 tonnes of term naphtha for lifting in the second half of this year, industry sources said on Tuesday.
The tender offers a 30,000-tonne cargo of full-range naphtha for lifting either on a three-month or six-month term basis from Kandla.
The period of loading will be over July-September or July-December and bids are due on 10 June.
IOC previously sold a similar cargo for lifting over 5-8 June at a premium of $9/tonne to Middle East quotes FOB (free on board) Kandla to a western trader and another cargo for lifting over 15-18 June at a lower premium of $6.50/tonne to another western trader.
By: Desmond Chia
+65 6780 4359
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