UpdateIndian Oil sells 35,000 tonnes naphtha at $30/tonne premium

10 October 2012 07:59  [Source: ICIS news]

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SINGAPORE (ICIS)--Indian Oil Corp (IOC) has sold by tender 35,000 tonnes of naphtha for loading from Dahej in late October, traders said on Wednesday.

The deal for the cargo was done at a premium of $30.00/tonne (€23.40/tonne) to IOC pricing formula on a FOB (free on board) basis for loading on 25-27 October, they added.

The buyer was trading firm Glencore, traders said.

In its previous tender, IOC sold a naphtha cargo of 35,000 tonnes to PetroChina for loading from Chennai on 15-17 October, at a premium of $38.88/tonne to IOC pricing formula.

($1 = €0.78)


By: Felicia Loo



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