Iranol Oil offers 7,000 tonnes of Group I base oils on the IME

23 August 2011 04:24  [Source: ICIS news]

SINGAPORE (ICIS)--Iranol Oil, a major Group I base oil producer in Iran, is offering a mix of bulk and flexi-bag cargoes totalling 7,000 tonnes on the Iran Mercantile Exchange (IME) on 23 August, a company source said on Tuesday.

Iranol is offering a 2,000 tonne brightstock bulk cargo at $1,551/tonne (€1,086/tonne) FOB (free on board) Bandar Imam Khomeini (BIK) for delivery in early September.

The producer did not specify if the cargo will be offered from its Abadan or Tehran refinery.

A 2,000 tonne brightstock flexi-bag cargo will be offered via Iranol’s Tehran refinery at $1,661/tonne FOB BIK for delivery in the first half of September.

In addition, Iranol is offering a 3,000 tonne SN500 flexi-bag cargo via its Tehran refinery at $1,294/tonne ex-refinery for delivery in the second half of September.

($1 = €0.70)

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By: Gabriel Yip
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