Indian Oil sells 30,000 tonnes naphtha for early June

21 May 2013 05:23  [Source: ICIS news]

SINGAPORE (ICIS)--Indian Oil Corp (IOC) has sold by tender a 30,000-tonne naphtha cargo for loading from Kandla on 3-5 June to Vitol, traders said on Tuesday.

The deal for the cargo fetched a premium of $26/tonne (€20/tonne) to IOC pricing formula FOB (free on board), they said.

In its previous tender, IOC sold a naphtha cargo of 35,000-40,000 tonnes for loading from Dahej on 30 May-1 June. The buyer was Japanese firm Marubeni, which paid a premium of $27/tonne to IOC pricing formula FOB.

In an earlier tender, IOC sold a 30,000 tonne naphtha cargo for loading from Kandla on 23-25 May, to Total at a premium of $24/tonne to IOC pricing formula FOB.

($1 = €0.78)


By: Felicia Loo



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