Reliance Industries Ltd offers 80,000 ton naphtha cargo

11-Oct-07
Reliance Industries Ltd has offered an 80,000 ton naphtha cargo for Nov. 7-9 loading by spot tender, as per trading sources. The closing date and validity for the tender was not immediately available, but a limited number of companies have been invited, as per the traders. Reliance last sold an 80,000-tonne naphtha cargo for Oct 29-30 loading to Western trader Cargill at $9 a ton premium to Middle East spot quotes, free-on-board (FOB) basis from Sikka port in Jamnagar on Western Gujarat state. Indian refiners have sold or offered at least 260,000 tonnes of November loading so far.
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