Indian Oil sells 30,000 tonnes naphtha to Cargill ex-Kandla

08 July 2011 09:05  [Source: ICIS news]

SINGAPORE (ICIS)--Indian Oil Corp (IOC) has sold by tender 30,000 tonnes of naphtha for loading from Kandla in the second half of July to Cargill, traders said on Friday.

The company sold the cargo at a premium of $6.75/tonne (€4.73/tonne) to IOC’s pricing formula on a FOB (free on board) basis, they added.

($1 = 0.70)

For more on naphtha, visit ICIS chemical intelligence

By: Felicia Loo

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