Indian Oil offers first naphtha cargo for Aug loading

19 July 2012 04:34  [Source: ICIS news]

SINGAPORE (ICIS)-- India’s state-owned refiner Indian Oil offered through a tender 30,000 tonnes of naphtha for 9-11 August loading from Kandla, traders said on Thursday.

The tender will close on 23 July, with bids remaining valid until 24 July, traders said.

Indian Oil sold its last July parcel of 15,000 tonnes of naphtha from Haldia at a premium of $7.75/tonne (€6.36/tonne) on FOB (free-on-board) Middle East quotes basis.

($1 = €0.82)

By: Ong Sheau Ling
+65 6780 4359

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