India’s Essar Oil sells mid-October naphtha at $32/tonne premium

25 September 2012 11:41  [Source: ICIS news]

SINGAPORE (ICIS)--India's Essar Oil has sold by tender 33,000-35,000 tonnes of naphtha to PetroDiamond for loading in mid-October, traders said on Tuesday.

The deal for the cargo was done at around a premium of $32/tonne (€25/tonne) to Middle East quotes FOB (free on board) for loading from Vadinar on 12-16 October, they added.

In its previous tender, Essar Oil has sold 35,000 tonnes of naphtha to trading firm Glencore at a premium of $27-28/tonne to Middle East quotes FOB for loading from Vadinar on 4-6 October.

($1 = €0.77)


By: Felicia Loo



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