Bangladesh Petroleum Corporation (BPC) will issue a tender to sell 170,000 barrels of naphtha for March 12-14 loading from Chittagong, as per Reuters. The tender, which is likely to be issued this week, will close on Feb. 24, with validity up to March 2. State-owned BPC resumed exports of naphtha in November after a four-month hiatus for maintenance and repairs at its sole refinery. It last sold a same-size cargo to Japanese trading firm Itochu in mid-January at a discount of US$0.11 a barrel to Singapore quotes on a free-on-board (FOB) basis. Apart from exporting, BPC sells naphtha domestically to privately owned Super Petrochemical. The Asian naphtha margin was at a four-session high of US$141.35 as demand emerged from Japan.
04-Feb-14 
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