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

26 February 2013 02:21  [Source: ICIS news]

SINGAPORE (ICIS)--Indian Oil Corp (IOC) has sold by tender a 35,000-40,000 tonne naphtha cargo to PetroChina for loading from Chennai on 15-17 March, traders said on Tuesday.

The deal for the cargo was done at a premium of $63-65/tonne (€48-49/tonne) to IOC pricing formula FOB (free on board), 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 to IOC pricing formula FOB.

($1 = €0.76)


By: Felicia Loo



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