Indian Oil Corp sells naphtha cargo at $31-32/tonne premium

26 November 2012 02:30  [Source: ICIS news]

SINGAPORE (ICIS)--Indian Oil Corp (IOC) has sold by tender 35,000-40,000 tonnes of naphtha to Total for loading from Dahej on 14-16 December, traders said on Monday.

The deal for the cargo was done at a premium of $31.00-32.00/tonne (€23.90-24.60/tonne) to IOC pricing formula FOB (free on board), they added.

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 to IOC pricing formula FOB. The cargo is for loading from Dahej on 28-30 November.

($1 = €0.77)

By: Felicia Loo

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