Indian Oil sells 81,000 tonnes naphtha for loading in March

17 February 2012 07:49  [Source: ICIS news]

SINGAPORE (ICIS)--Indian Oil has sold by tender three naphtha cargoes for loading in March, traders said on Friday.

Unipec was awarded an 11,000 tonne cargo for loading from Haldia at a premium of $13/tonne (€10/tonne) to Indian Oil's price formula FOB (free on board), they added.

Unipec also won a 35,000 tonne cargo for loading from Chennai at a premium of $44/tonne to Indian Oil's price formula FOB, while Marubeni won a 35,000 tonne cargo for loading from Dahej at a premium of $38/tonne.

In its previous tender, Indian Oil sold 65,000 tonnes of naphtha for loading in late February. A 35,000 tonne cargo loading from Dahej on 24-26 February fetched a premium of $31.50/tonne to the company's price formula FOB, while a 30,000 tonne lot fetched a premium of $28/tonne for loading from Kandla on 25-27 February.

($1 = €0.76)

By: Felicia Loo

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