Indian Oil Corp (IOC) has sold 126,000 tons of naphtha for September-December lifting from Dahej at premiums due to the tight supply scenario in the region. The premiums of US$25/ton, for this deal is practically twice that of a previous term deal. IOC will ship out equal volumes of cargo each month from September-December. IOC’s previous sales of 94,500 tons of naphtha for June-August lifting from Dahej was concluded at a premium of US$14/ton.
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