Indian Oil sells 35,000-40,000 tonnes naphtha at $33/tonne premium

03 September 2012 08:51  [Source: ICIS news]

SINGAPORE (ICIS)--State-owned refiner Indian Oil has sold by tender 35,000-40,000 tonnes of naphtha to Chinese trading firm Unipec for loading in mid-September, traders said on Monday.

The cargo was done at a premium of $33.00/tonne (€26.00/tonne) to Middle East quotes FOB (free on board) for loading from Dahej on 18-22 September, they added.

Indian Oil previously sold by tender a 30,000 tonne naphtha cargo to trading house Vitol at a premium of $24.00-24.50/tonne to Middle East FOB for loading from Kandla on 9-11 August.

It also sold in the same tender a second naphtha parcel of 35,000-40,000 tonnes to Vitol at a premium of $28.50/tonne to Middle East FOB quotes for loading from Dahej on 10-12 August.

($1 = €0.79)

By: Felicia Loo

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