Indian Oil sells 35,000 tonnes naphtha for mid-October

24 September 2012 10:34  [Source: ICIS news]

SINGAPORE (ICIS)--State-owned refiner Indian Oil Corp (IOC) has sold by tender a naphtha cargo of 35,000 tonnes to PetroChina for loading from Chennai in mid-October, traders said on Monday.

The deal for the cargo was done at a premium of $38.88/tonne (€29.94/tonne) to IOC pricing formula, they added.

The loading dates are 15-17 October, traders said.

($1 = €0.77)

By: Felicia Loo

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