India’s HPCL sells 25,000-30,000 tonnes naphtha for 8-10 May

25 April 2013 10:49  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Hindustan Petroleum Corp Ltd (HPCL) has sold by tender 25,000-30,000 tonnes of naphtha for loading from Visakhapatnam port on 8-10 May, traders said on Thursday.

State Oil Company of the Azerbaijan Republic SOCAR was the buyer of the cargo, which fetched a premium of $38.68/tonne (€29.78/tonne) to Middle East quotes FOB (free on board), they added.

HPCL last cancelled a tender to sell 25,000-30,000 tonnes of naphtha for loading from Visakhapatnam port on 15-17 April, largely because of low bid levels.


By: Felicia Loo



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