India’s Reliance sells 55,000 tonnes naphtha for mid-August

18 July 2013 10:08  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Reliance Industries Ltd (RIL) has sold 55,000 tonnes of spot naphtha supply to oil major BP, traders said on Thursday.

The deal for the cargo was done at a premium of around $25/tonne (€19/tonne) to Middle East quotes FOB (free on board), they said.

The dates for loading from Sikka are scheduled on 12-14 August, traders said.

Reliance previously sold a similar-sized spot naphtha cargo for 5-10 July loading from Sikka, to Vitol at a premium of $23.00-24.00/tonne to Middle East quotes FOB.

($1 = €0.76)

By: Felicia Loo

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