DHAKA: State-owned Bangladesh Petroleum Corporation (BPC) has issued a tender to sell 170,000 barrels of open-specification naphtha lifing for July 14-16.
A BPC source confirmed the matter Wednesday.
The tender will close on June 26, with validity up to July 2 for loading on a free-on-board (FOB) basis from Chittagong.
The offer comes at a time of weak fundamentals due to poor end-user demand and an increase in refinery output.
BPC, which runs the country`s sole refinery, previously, sold a similar cargo to Singapore`s Unipec for lifting over April 10-12 at a premium of $1.23 a barrel to Singapore spot quotes, the highest since January 2010.
BDST: 1359 HRS, MAY 30, 2012
Edited by: Maria Salam, Asst Output Editor
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