09 May 2013 11:44 [Source: ICIS news]
SINGAPORE (ICIS)--India’s Hindustan Petroleum Corp Ltd (HPCL) has sold by tender two naphtha cargoes totalling 45,000 tonnes to Vitol for loading from Mumbai on 24-30 May, traders said on Thursday.
One cargo is of 20,000 tonnes and the other 25,000 tonnes, traders said.
The deal for the cargo was done at a premium of $16/tonne (€12/tonne) to Middle East quotes FOB (free on board), they added.
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 to Middle East quotes FOB.
($1 = €0.76)
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