Bangladesh Petroleum to award 170,000 bbls naphtha to Trafigura

16 March 2010 10:13  [Source: ICIS news]

SINGAPORE (ICIS news)--Bangladesh Petroleum Corp (BPC) will award a tender for 170,000 barrels (about 18,900 tonnes) of heavy naphtha for 4-7 April loading from Chittagong to trading firm Trafigura in the next two days, a company official said on Tuesday.

The tender, which attracted seven bidders, closed on Monday and would be sold to Trafigura at a premium of $0.38/bbl (€0.28/bbl) to Singapore FOB (free on board) quotes, the source said.

BPC releases a tender to sell naphtha every alternate month.

The firm’s previous cargo was loaded from Chittagong on 1-4 March and sold to Itochu at a premium of $1.05/bbl to Singapore FOB quotes.

($1 = €0.73)

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By: Serene Cheong
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