Indian Oil Corp offers 35,000-40,000 tonnes naphtha for late Dec

04 December 2012 09:09  [Source: ICIS news]

SINGAPORE (ICIS)--Indian Oil Corp (IOC) is offering by tender 35,000-40,000 tonnes of naphtha for loading in late December, traders said on Tuesday.

The cargo is scheduled for loading on 26-28 December, they said.

The tender closes on 6 December, traders said.

In its last tender, IOC sold 35,000-40,000 tonnes of naphtha for loading from Dahej on 14-16 December to Total. The deal for the cargo was done at a premium of $31.00-32.00/tonne (€23.87-24.64/tonne) to IOC pricing formula FOB (free on board).

($1 = €0.77)

By: Felicia Loo

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