Taiwan's CPC Corp has bought 210,000 tons naphtha for June-December 2009 lifting from Indian Oil Corp (IOC), concluding its first-ever term naphtha contract with IOC. Per ton premium of US$7-8 was paiid to IOC's pricing formula on a free-on-board (FOB) basis, terms similar to what CPC manges with its regular supplier.
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Saturday, May 16, 2009
IOC seals first term naphtha deal with Taiwan’s CPC
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