India’s BPCL sells 35,000 tonnes naphtha for end-Dec loading

11 December 2012 06:54  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Bharat Petroleum Corp Ltd (BPCL) has sold by tender a 35,000 tonne naphtha cargo for loading in late December, traders said on Tuesday.

Energy major Shell won the cargo at a premium of around $35/tonne (€27/tonne) to Middle East quotes FOB (free on board), they added.

The cargo is scheduled for loading from Mumbai on 27-29 December, traders said.

In its last tender, BPCL sold two 35,000-tonne naphtha cargoes for loading from Mumbai in the same month.

BPCL sold the first cargo to Thailand’s PTT at a premium of $39/tonne to Middle East quotes FOB for loading on 10-12 December, and the second cargo to Japanese trading firm Marubeni at a premium of $41/tonne to Middle East quotes FOB for loading on 19-21 December.

($1 = €0.78)


By: Felicia Loo



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