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

20 December 2012 02:22  [Source: ICIS news]

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

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

The deals for the cargoes were done at a premium of $41-42/tonne (€30.75-31.50/tonne) to Middle East quotes FOB (free on board), 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 to Middle East quotes FOB, for loading from Mumbai on 27-29 December.

($1 = €0.75)

By: Felicia Loo

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