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.


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By: Felicia Loo

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