India’s HPCL sells 30,000 tonnes naphtha for end-May loading

10 May 2013 03:33  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Hindustan Petroleum Corp Ltd (HPCL) has sold by tender a 30,000-tonne naphtha cargo for loading from Visakhapatnam port on 25-27 May, traders said on Friday.

The deal for the cargo was done at a premium of $38/tonne (€29/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 = €0.77)


By: Felicia Loo



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