Indian Oil offers 35,000-40,000 tonnes naphtha for end-Nov

05 November 2012 02:05  [Source: ICIS news]

SINGAPORE (ICIS)--Indian Oil Corp (IOC) is offering by tender 35,000-40,000 tonnes of naphtha for loading from Dahej on 28-30 November, traders said on Monday.

The tender closes on 6 November, with bids to stay valid until 7 November, they added.

In its previous tender, IOC sold 30,000 tonnes of naphtha for loading from Kandla in on 18-20 November. The buyer was Cargill and the deal for the cargo was done at a premium of around $38.00/tonne (€29.60/tonne) to IOC pricing formula FOB (free on board).

($1 = €0.78)

By: Felicia Loo

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