As against the previous naphtha cargo sold to Glencore at a discount of US$15/ton, India's state-owned Indian Oil Corp (IOC) on Friday has accepted to sell 30,000 tons of naphtha at a premium of US$14/ton to its own pricing formula to Japan's Itochu. The cargo is set for Jan 9 - Jan 12 loading from Kandla port in western India.
20-Dec-08 
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