Bangladesh to issue a tender to sell 170,000 barrels of naphtha via tender

02-Dec-13

State-owned Bangladesh Petroleum Corporation (BPC) will issue a tender to sell 170,000 barrels of naphtha for Jan. 13-15 loading from Chittagong, as per Reuters. The tender, which is likely to be issued later this week, will close on Dec. 19, with validity up to Dec. 26. BPC regularised its naphtha exports since last month after a four month hiatus as maintenance and repair works at its sole refinery had disrupted supplies. The offer comes amid dwindling naphtha sentiments with traders saying Europe and the U.S. likely continue to provide Asia with cargoes in January.