Monday, December 22, 2008

IOC to fetch US$14/ton premium on January naphtha sold to Itochu

As against the previous naphtha cargo sold to Glencore at a discount of US$15/ton, India's state-owned Indian Oil Corp (IOC) on Friday has accepted to sell 30,000 tons of naphtha at a premium of US$144/ton to its own pricing formula to Japan's Itochu.

For more details on IOC to fetch US$14/ton premium on January naphtha sold to Itochu click here

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