Indian Oil sells spot naphtha supply from Kandla, Dahej

25 April 2013 10:56  [Source: ICIS news]

SINGAPORE (ICIS)--Indian Oil Corp (IOC) has sold by tender naphtha exports from Kandla and Dahej for loading in the first half of May, traders said on Thursday.

The state-owned oil and gas company sold a 20,000 tonne naphtha cargo for loading from Kandla on 8-10 May as well as a 10,000 tonne naphtha cargo for loading from the same port on 14-16 May, they added.

Vitol was the buyer of the Kandla-loading cargoes, which were sold at a premium $36.30/tonne (€27.95/tonne) to IOC pricing formula, traders said.

In the same tender, IOC also sold 35,000-40,000 tonnes of naphtha to Total for loading from Dahej on 14-16 May. The deal for the cargo was done at a premium $36.15/tonne to IOC pricing formula, they added.

($1 = €0.77)


By: Felicia Loo



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