Lowest bid for Bangladesh naphtha tender since Nov 2014

09-Feb-16
Bangladesh Petroleum Corp (BPC) will sell 170,000 barrels of naphtha to Japanese trading firm Itochu at a discount of US$1.19 to Singapore quotes, the lowest price since November 2014, as per Reuters. Itochu quoted the best price among seven firms competing in the tender for the cargo, lifting over Feb. 21-23 on a free-on-board (FOB) basis from Chittagong, said a company official after the tender was opened.
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