India’s BPCL offers 105,000 tonnes naphtha for Q4

13 August 2012 04:48  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Bharat Petroleum Corp Ltd (BPCL) has issued a tender to sell three 35,000-tonne cargoes for loading from Mumbai from October to December, traders said on Monday.

One cargo will be lifted within the first 15 days of each month, they added.

The tender closes on 16 August, with bids to stay valid until 17 August, traders said.

BPCL last sold by tender a 10,000-tonne cargo for 24-28 August loading from Haldia to trading firm Vitol at a higher premium of $12/tonne (€10/tonne) to Middle East FOB (free on board) quotes compared with an $11/tonne premium on its previous sale for 5-9 August loading.

($1 = €0.81)

By: Felicia Loo

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