Indian Oil Corp sells 35,000-40,000 tonnes naphtha for 26-28 Dec

10 December 2012 08:12  [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 26-28 December, traders said on Monday.

The deal for the cargo was done at $36.35/bbl (€27.99/tonne) premium to IOC pricing formula FOB (free on board), they said.

Japanese trading firm Itochu was the buyer of the cargo, 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 to IOC pricing formula FOB.

($1 = €0.78)


By: Felicia Loo



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