IOC offers Dec naphtha cargoes from Haldia

20 November 2008 10:36  [Source: ICIS news]

SINGAPORE (ICIS news)--Indian Oil Corp (IOC) is offering 30,000 tonnes of naphtha for December lifting from Haldia, industry sources said on Thursday.

 

IOC offers a 15,000 tonne naphtha cargo for loading over 8-11 December and a similar cargo for lifting over 26-29 December from Haldia.

 

The tender will close on 24 November and will be valid until 25 November.

 

IOC previously scrapped a sell tender which offered the same cargo for lifting over 30 November to 3 December due to low bids. The tender had closed on 11 November, with validity until 12 November.

 

IOC was also offering 90,500 tonnes of full-range naphtha for December lifting from Kandla and Dahej.

 

IOC last sold three similar cargoes of full range naphtha for November lifting from both ports at a discount of $30.00-40.00/tonne (€23.70-31.60/tonne) to Middle East quotes FOB (free-on-board) Kandla/Dahej to Itochu.

 

($1 = €0.79)

 

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By: Desmond Chia
+65 6780 4359

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