HPCL sells Jan stem to Emirates National Oil Co
27 Dec, 2007, 1316 hrs IST, REUTERS
SINGAPORE: Hindustan Petroleum Corp Ltd (HPCL) has sold via tender 25,000-30,000 tonnes of January-loading fuel oil to Emirates National Oil Co (ENOC) at an undisclosed price, traders said on Thursday.
The 380-centistoke (cst) cargo, of 4.0 percent sulphur and 0.998 density, is for loading on Jan. 14-16 from its Vizag terminal, on a free-on-board (FOB) basis.
HPCL last sold a similar lot, for Dec. 15-17 loading from Vizag at a discount of $20-21 a tonne to Singapore spot quotes, on an FOB basis. The cargo was also picked up by ENOC and was re-sold into the Singapore marine fuel market, the world's largest, traders said.
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