Iranol Oil issues tender to sell 10,600 tonnes of Group I base oils

08 May 2013 04:14  [Source: ICIS news]

SINGAPORE (ICIS)--Iranol Oil, a major base oil producer in Iran, issued a tender to sell a total of 10,600 tonnes of Group I base oils late on Tuesday, market sources said.

The tender comprises a 5,000 tonne lot of SN150, a 2,800 tonne lot of SN600 and a 2,800 tonne lot of SN500.

The tender closes on 9 May and shipping laycan is between 20 May and 10 June.

“The tender is timely following the complete sell out of another Iranian refiner cargoes till mid-July,” an Indian trader said.

By: Serena Seng

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