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IOC to award export tender of 60,000 tonne
Singapore, Sept 12: Indian Oil Corp is expected later on Friday to award a tender to sell 60,000 tonne of 0.25-per cent sulphur gas oil, traders said.
Singapore, Sept 12: Indian Oil Corp is expected later on Friday to award a tender to sell 60,000 tonne of 0.25-per cent sulphur gas oil, traders said.
IOC, which initially offered 20,000 tonne of the product in a tender for loading September 25 to October 4, raised the quantity to 60,000 tonne for late September-November lifting, traders said.
"It means IOC is offering one cargo each month. The amount is not huge enough to move prices," said a trader.
The tender closed on Wednesday with two-day validity, traders said.
IOC could not be reached for comment.
Bureau Report