Iranol Oil offers Group I base oils for loading 15-30 October

04 October 2012 11:48  [Source: ICIS news]

SINGAPORE (ICIS)--Iranol Oil, a major base oil producer in Iran, is offering via tender 9,800 tonnes of Group I base oils for loading in the second half of October, according to a source familiar with the company’s operations.

The Iranian refiner is offering 4,200 tonnes of SN150, 4,200 tonnes of SN500 and 1,400 tonnes of brightstock 150 for loading from Bandar Imam Khomeini (BIK) on 15-30 October, the source said.

The cargo will be awarded on a FOB BIK basis with the option for partial shipments, the source added.

The tender was valid until 3 October, but there was no settlement heard as at 17:30 hours Singapore time (09:30 hours GMT), according to market sources.

The market sources added that the tender will likely be awarded on 5-7 October.

By: Andrea Heng
+65 6780 4359

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