Egypt's EGPC reissues tender to sell unsold naphtha for Aug-Sep

07-Jul-10
The Egyptian General Petroleum Corporation (EGPC) has reissued a tender to sell up to 50% of the surplus naphtha cargoes from its H2-10 term cycle, as per Platts. The tender was issued to sell up to 7 heavy full-range naphtha parcels of 35,000 tons each, over August-September. Three cargoes have been allotted for August and September each with an optional cargo for the second month. The tender closes July 8 with validity till July 16. EGPC had managed to sell only 11 out of the 25 naphtha cargoes it had initially offered loading ex-Suez in its term July-December 2010 contract, as bids were considered to be too low.
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