Pakistan’s ARL, NRL close naphtha export tender for early November

28 October 2013 10:28  [Source: ICIS news]

SINGAPORE (ICIS)--Pakistan’s Attock Refinery Ltd (ARL) and National Refinery Ltd (NRL) have closed an export tender to sell a combined naphtha cargo totalling 27,000 tonnes,  for loading from Karachi on 3-5 November, traders said on Monday.

The tender closed on 24 October, with bids to stay valid until 28 October, they said.

The volumes by ARL stood at 16,000 tonnes, while the NRL’s volumes were at 11,000 tonnes, traders said.

Previously, the companies sold by export tender a total of 23,500 tonnes of naphtha for loading from Karachi on 23-25 July. Trading firm Gunvor bought the combined cargo comprising 12,500 tonnes from ARL and 11,000 tonnes from NRL.

The deal for the cargo was done at Singapore market quotes FOB (free on board) plus $2.25/bbl (€1.62/bbl).

($1 = €0.72)

By: Felicia Loo

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