India’s HPCL sells 45,000–55,000 tonnes naphtha to Total, Vitol

18 January 2011 09:14  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Hindustan Petroleum Corp Ltd (HPCL) has sold by tender 45,000–55,000 tonnes of naphtha to Total and Vitol for loading between the second half of January and the second half of February, traders said on Tuesday.

HPCL sold 25,000–30,000 tonnes to Total at a premium of $5/tonne (€4/tonne) to Middle East quotes FOB (free on board) for loading from Vizag in Andhra Pradesh state on 21–23 January, they added.

The company also sold 20,000–25,000 tonnes to Vitol for loading from Mumbai on 17–19 February at a premium of $8/tonne to Middle East quotes FOB, traders said.

($1 = €0.75)

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By: Felicia Loo



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