Indian Oil Corp sells 80,000 tonnes naphtha for end-January
10 January 2011 07:20 [Source: ICIS news]
SINGAPORE (ICIS)--Indian Oil Corp (IOC) has sold by tender 80,000 tonnes of naphtha to PetroChina for loading in late January, traders said on Monday.
The company sold a 30,000-tonne cargo for loading from Kandla on 27-29 January at a premium of $13.28/tonne (€10.36/tonne) to IOC formula FOB (free board), as well as a 35,000-lot for loading from Dahej on 29-31 January at a premium of $16.28/tonne, they added.
IOC also sold 15,000 tonnes of naphtha for loading from Haldia at a premium of $3.28/tonne, traders said. The loading dates for this cargo were not immediately available. ($1=€0.78)
By: Felicia Loo
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