Indian Oil sells 35,000-40,000 tonnes naphtha for early October

10 September 2012 11:15  [Source: ICIS news]

SINGAPORE (ICIS)--State-owned refiner Indian Oil has sold by tender 35,000-40,000 tonnes of naphtha for loading in early October, traders said on Monday.

The cargo was awarded to the State Oil Company of the Azerbaijan Republic (SOCAR) at a premium of over $40/tonne (€31/tonne) to Middle East quotes FOB (free on board) for loading from Dahej on 1-3 October, they said.

Indian Oil previously sold by tender a similar volume to Chinese trading firm Unipec at a premium of $33/tonne to Middle East quotes FOB for loading from Dahej on 18-22 September.

($1 = €0.78)

By: Felicia Loo

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