India’s BPCL issues naphtha term sell tender

07 July 2008 11:19  [Source: ICIS news]

SINGAPORE (ICIS news)--India's Bharat Petroleum Corp has issued a tender to sell 120,000 tonnes of low aromatics naphtha (LAN) for September to March loading, industry sources said on Monday.

 

The tender offered a 30,000 tonne cargo of LAN to be lifted every alternate month in September, November, January and March, the sources said, adding the tender closed on 10 July, with validity until 11 July.

 

BPCL previously sold a similar volume for June-December loading to Japanese trading house Marubeni at a premium of $15/tonne to Middle East quotes FOB (free on board) Mumbai.

 

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By: Desmond Chia
+65 6780 4359

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