Indian Oil offers 36,000-38,000 tonnes naphtha for H1 October

12 September 2012 04:23  [Source: ICIS news]

SINGAPORE (ICIS)--State-owned refiner Indian Oil has floated a tender to sell 36,000-38,000 tonnes of naphtha for loading in the first half of October, traders said on Wednesday.

Indian Oil is offering 30,000 tonnes of naphtha for loading from Kandla on 8-10 October as well as 6,000-8,000 tonnes of naphtha for loading from Haldia on the same dates, they added.

The tender closes on 17 September, with bids to stay valid until 18 September, traders said.

Indian Oil previously sold by tender 35,000-40,000 tonnes of naphtha to the State Oil Company of the Azerbaijan Republic (SOCAR) at a premium of over $40/tonne to Middle East quotes FOB (free on board) for loading from Dahej on 1-3 October.

By: Felicia Loo

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