Indian Oil sells 35,000-40,000 tonnes naphtha for end-November

08 November 2012 09:23  [Source: ICIS news]

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

The cargo, which was sold to the State Trading Organisation (STO) of Maldives, was done at a premium of $48/tonne (€37/tonne) to IOC pricing formula FOB (free on board), they said.

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/tonne to IOC pricing formula FOB (free on board).

($1 = €0.78)

By: Felicia Loo

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