Bangladesh Petroleum Corp to sell 120,000 bbls of naphtha

05-Dec-13

Bangladesh Petroleum Corporation (BPC) will supply 120,000 barrels of naphtha domestically to privately owned Super Petrochemical Ltd after selling 80,000 barrels over the last two months, as per an official in Reuters. "We have received a proposal from them to supply 120,000 barrels and we are working on it," the official said. Apart from domestic selling, BPC is looking to export 170,000 barrels of naphtha for Jan. 13-15 loading from Chittagong through a tender, which will close on Dec. 19. State-owned BPC returned to naphtha exports last month after a four-month hiatus as maintenance and repairs at its sole refinery had disrupted supplies. On an average, the 1.5 mln tpa Eastern Refinery, a subsidiary of BPC, exports one 170,000 barrel naphtha cargo about every 45 days.