Indian Oil Corp. sells H2 April naphtha cargoes

02 April 2009 10:28  [Source: ICIS news]

SINGAPORE (ICIS news)--Indian Oil Corp (IOC) has sold two cargoes of full-range naphtha for the second half of April lifting, industry sources said on Thursday.

A 30,000-tonnes cargo was sold to Itochu at a premium of $19.50/tonne (€14.8/tonne) to Middle East quotes FOB (free-on-board) for lifting over 25-28 April from Kandla, Gujarat. Another 30,500-31,500 tonnes cargo was sold to Chevron at a premium of $26/tonne to Middle East quotes FOB for lifting over 28-30 April from Dahej, Gujarat. The tender had closed on 31 March, and was valid up to 1 April.

IOC previously sold a 30,000-tonnes cargo of full range naphtha at a premium of $15-16/tonne to Middle East quotes FOB Kandla for 17-20 April lifting.

($1 = €0.76)

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By: Desmond Chia
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