India’s BPCL offers 70,000 tonnes naphtha for January loading

13 December 2012 02:42  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Bharat Petroleum Corp Ltd (BPCL) is offering by tender two 35,000-tonne naphtha cargoes for loading from Mumbai in January, traders said on Thursday.

The loading dates are 14-16 January and 21-23 January, they said.

The tender closes on 17 December, with bids to stay valid until 18 January, traders said.

In its last tender, BPCL sold a 35,000-tonne naphtha cargo to energy major Shell. The deal for the cargo was done at a premium of around $35/tonne (€27/tonne) to Middle East quotes FOB (free on board), for loading from Mumbai on 27-29 December.

($1 = €0.76)

By: Felicia Loo

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