Indian Oil sells 70,000 tonnes of naphtha for late Sept

06 September 2010 09:54  [Source: ICIS news]

SINGAPORE (ICIS)--Indian Oil Corp (IOC) has sold by tender 70,000 tonnes of naphtha for loading in late September, traders said on Monday.

IOC sold a combined cargo of 10,000 tonnes to be loaded from Nagapattinam and 25,000 tonnes to be loaded from Chennai, at a premium of $16/tonne (€12/tonne) to its FOB (free on board) pricing formula, traders said.

The co-loading dates would be between 25-28 September, the traders added.

IOC also sold 35,000 tonnes of naphtha for loading from Dahej on 28-30 September at a premium of $12.50/tonne to its FOB pricing formula, they said.

($1 = €0.78)

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By: Felicia Loo



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