DHAKA Oct 10 Bangladesh Petroleum Corp (BPC)
has issued an international tender to sell 170,000 barrels of
naphtha for Nov. 17-19 loading from Chittagong, a company
official said on Monday.
The tender will close on Oct. 31 with validity up to Nov. 8.
The tender comes at a time when Asia's naphtha crack rose to
a six-session high of $46.75 a tonne on Friday with support from
Europe where demand for gasoline has remained firm.
Last month, state-owned BPC sold a cargo of the same size to
Geneva-headquartered trading firm Vitol at a
discount of $1.95 to Singapore quotes.
Bangladesh's sole Eastern Refinery, which has a capacity of
33,000 barrels per day, produces 1.26 million barrels of naphtha
BPC is importing 600,000 tonnes of Murban crude from Abu
Dhabi National Oil Co and another 600,000 tonnes of Arab Light
from Saudi Aramco this year for the refinery.
(Reporting by Ruma Paul; Editing by Subhranshu Sahu)