India’s Essar Oil sells 34,000 tonnes naphtha for September
17 August 2012 08:51 [Source: ICIS news]
SINGAPORE (ICIS)--?xml:namespace>India's Essar Oil has sold by tender 34,000 tonnes of naphtha for loading from Vadinar on 7-9 September at a lower premium on the back of ample prompt supply, traders said on Friday.
The cargo was awarded to trading firm Vitol at a premium in the mid-teens/tonne to Middle East quotes FOB (free on board), they added.
In its previous tender, Essar Oil sold 28,000-33,000 tonnes of naphtha for loading from Vadinar on 23-25 August to Vitol at a premium of $20-21/tonne (€16-17/tonne) to Middle East quotes FOB.
($1=€0.81)By: Felicia Loo
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