Indian Oil offers 35,000-40,000 tonnes naphtha for mid-December

21 November 2012 07:51  [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 14-16 December, traders said on Wednesday.

The tender closes later on 21 November, with bids to stay valid until 22 November, they said.

IOC previously sold by tender 35,000-40,000 tonnes of naphtha to the State Trading Organisation (STO) of Maldives at a premium of $48.00/tonne (€37.44/tonne) to IOC pricing formula FOB (free on board). The cargo is for loading from Dahej on 28-30 November.

($1 = €0.78)

By: Felicia Loo

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