Indian Oil offers 35,000-40,000 tonnes naphtha ex-Chennai

20 February 2013 09:21  [Source: ICIS news]

SINGAPORE (ICIS)--Indian Oil Corp (IOC) is offering by tender a 35,000-40,000 tonne naphtha cargo for loading from Chennai on 15-17 March, traders said on Wednesday.

The tender closes on Thursday, with bids to stay valid until Friday, they added.

In its previous tender, IOC sold a 35,000-40,000 tonne naphtha cargo to the State Oil Company of the Azerbaijan Republic SOCAR for loading from Dahej on 5-7 March.

The deal for the cargo was done at a premium of $68.25/tonne (€51.20/tonne) to IOC pricing formula FOB.

($1 = €0.75)

By: Felicia Loo

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