CHITTAGONG, Bangladesh, March 31 (Reuters) - The Singapore office of Itochu Petroleum made the highest bid in a tender by Bangladesh Petroleum Corp (BPC) to sell 150,000 barrels of open-specification naphtha, BPC officials said on Tuesday.
The tender floated in the middle of this month closed on Monday, with validity up to April 2 for loading on a free-on-board (FOB) basis from Chittagong from April 13 to 16.
Itochu quoted $52.32 a barrel without discount from a similar Singapore benchmark price on Friday.
Apart from Itochu, five other oil companies, mostly operating from Singapore, participated in the tender.
BPC, owner of the country's sole refinery, the 11 million barrel-per-year Eastern Refinery, last sold via tender a similar quantity of naphtha to the Singapore arm of Trafigura at $47.88 a barrel in February.
The refinery produces 1.8 million barrels of naphtha a year. (Reporting by Nazimuddin Shyamol; Writing by Nizam Ahmed; Editing by Ben Tan)
© Thomson Reuters 2009 All rights reserved
The tender floated in the middle of this month closed on Monday, with validity up to April 2 for loading on a free-on-board (FOB) basis from Chittagong from April 13 to 16.
Itochu quoted $52.32 a barrel without discount from a similar Singapore benchmark price on Friday.
Apart from Itochu, five other oil companies, mostly operating from Singapore, participated in the tender.
BPC, owner of the country's sole refinery, the 11 million barrel-per-year Eastern Refinery, last sold via tender a similar quantity of naphtha to the Singapore arm of Trafigura at $47.88 a barrel in February.
The refinery produces 1.8 million barrels of naphtha a year. (Reporting by Nazimuddin Shyamol; Writing by Nizam Ahmed; Editing by Ben Tan)
© Thomson Reuters 2009 All rights reserved
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