Indian Oil offers 32,000 tonnes naphtha for 13-14 April

14 March 2013 04:50  [Source: ICIS news]

SINGAPORE (ICIS)--Indian Oil Corp (IOC) is offering by tender 32,000 tonnes of naphtha for loading from Chennai on 13-14 April, traders said on Thursday.

The tender closes on 18 March, with bids to stay valid until 19 March, they added.

IOC last sold by tender a 35,000-40,000 tonne naphtha cargo to PetroChina for loading from Chennai on 15-17 March. The deal for the cargo was done at a premium of $63-65/tonne (€49-50/tonne) to IOC pricing formula FOB (free on board).

($1 = 0.77)


By: Felicia Loo



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