India’s BPCL offers 11,000 tonnes naphtha for H1 October

20 September 2012 04:21  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Bharat Petroleum Corp Ltd (BPCL) is offering by tender 11,000 tonnes of naphtha for loading in the first half of October, traders said on Thursday.

The cargo is for loading from Haldia on 10-14 October, they added.

The tender closes on 24 September, with bids to stay valid until 26 September, traders said.

Separately BPCL has an outstanding tender to sell 30,000 tonnes of naphtha for loading from Kochi on 17-21 October, traders said.

The tender closed on 18 September and the bids would remain valid until 20 September, they added.

In its previous tender, BPCL sold 35,000 tonnes of naphtha to Japanese trading firm Marubeni at a premium of $40.00/tonne (€30.80/tonne) to Middle East quotes FOB (free on board) for loading from Mumbai on 2-4 October.

($1 = 0.77)

By: Felicia Loo

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