20 November 2012 02:14 [Source: ICIS news]
MPRL sold the first cargo to Japanese petroleum company Idemitsu Kosan at a premium of $44.50/tonne (€34.70/tonne) to Middle East quotes FOB (free on board) for loading on 19-21 December, the traders said.
The remaining two cargoes for loading on 14-16 January and 16-18 February respectively were awarded to
In its previous spot tender, MRPL sold a 35,000 tonne naphtha cargo to Japanese trading firm Marubeni at a premium of $50.87/tonne to
The premiums fell in the Indian refiner’s latest tender because of the rising deep-sea supply from Europe and the
MPRL is a subsidiary of Oil and Natural Gas Corporation Limited (ONGC).
($1 = €0.78)
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