Ioc Tenders

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Indian Oil Corporation has awarded two cargoes of superior kerosene oil (SKO) in its March buying tender to Shell, traders said on Friday. Both cargoes of 40,000 to 45,000 tonne each were awarded at $1.97 per barrel premium to spot Middle East quotes. IOC has also bought 25,000 tonne of aviation turbine fuel (ATF) from Swiss trader Glencore at a $3.20 per barrel premium to Middle East prices, traders said. (Reuters)
First Published: Feb 07 1998 | 12:00 AM IST