India’s HPCL offers 45,000 tonnes naphtha for 24-30 May

07 May 2013 11:50  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Hindustan Petroleum Corp Ltd (HPCL) is offering two naphtha cargoes totalling 45,000 tonnes for loading from Mumbai on 24-30 May, traders said on Tuesday.

The tender closes later on 7 May, with bids to stay valid on the same day, they added.

One of the cargoes has 20,000 tonnes of naphtha, while the other has 25,000 tonnes, traders said.

HPCL last sold by tender 25,000-30,000 tonnes of naphtha for loading from Visakhapatnam port on 8-10 May.

State Oil Company of the Azerbaijan Republic (SOCAR) was the buyer of the cargo, which fetched a premium of $38.68/tonne (€29.40/tonne) to Middle East quotes FOB (free on board).

 ($1 = €0.76)

By: Felicia Loo

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