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Indian Oil Issues Tender For July 24-26 Ngl


Indian Oil Corp (IOC) yesterday issued a tender to sell 25,000 tonnes of natural gas liquids (NGL) lifting July 24-26 from Hazira on the west coast, industry sources said.

The tender closes on July 17 and is valid for one day.

IOCs last NGL tender, for a cargo lifting July 12-14 from Hazira, was awarded to a Dutch trader at $37.00 per tonne below Japanese spot quotes on a free-on-board basis.

IOC has, however, delayed by a week the lifting dates of its high aromatic naphtha (HAN) cargo from Kochi to July 31-August 2, the sources said.

It is to make the product available, a source said.

IOC had originally tendered to sell the 27,000 tonnes HAN cargo between July 27-29. The tender closes on July 17 and is valid for a day.

IOCs last HAN tender from Kochi, offering 30,000-tonnes lifting June 30-July 2, was awarded at a $30-$35 discount to Japanese spot quote on a free-on-board basis.

First Published: Thu, July 10 1997. 00:00 IST