Indian Oil sells 15,000 tonnes naphtha to PetroChina for end July

21 July 2011 03:21  [Source: ICIS news]

SINGAPORE (ICIS)--Indian Oil Corp (IOC) has sold by tender 15,000 tonnes of naphtha for loading from Haldia in late July, traders said on Thursday.

The cargo of open-spec material, which was sold to PetroChina, fetched a discount of $9/tonne (€6/tonne) to IOC’s pricing formula FOB (free on board), they added.

The loading dates are 28-30 July.

($1 = €0.70)

For more on naphtha, visit ICIS chemical intelligence

By: Felicia Loo

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