Indian Oil sells 100,000 tonnes of naphtha for second-half August

02 August 2010 10:44  [Source: ICIS news]

SINGAPORE (ICIS)--Indian Oil Corp has sold 100,000 tonnes of naphtha by tender for loading in the second half of August, traders said on Monday.

Indian Oil sold 35,000 tonnes to Chevron at a premium of $5.50/tonne, based on its free on board (FOB) price formula, for loading from Dahej on 21-23 August, traders said.

A similar-sized cargo was awarded to Vitol at a premium of $10.50/tonne, based on the same price formula, for loading from Chennai on 26-29 August, they added.

Indian Oil sold a third cargo, of 30,000 tonnes, to Glencore at a premium of $3.50/tonne, based on its pricing formula, for loading from Kandla on 26-29 August, they said.

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By: Felicia Loo

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