Bangladesh Petroleum to sell discounted naphtha to Vitol
DHAKA (Reuters) -- Bangladesh Petroleum Corp (BPC) will sell 170,000 barrels of naphtha to oil trading giant Vitol at a discount of 17 cents to Singapore quotes, up from the last sale.
Vitol quoted the best price among four companies competing in the tender for the cargo, scheduled to load over Feb. 20-22 on a free-on-board (FOB) basis from Chittagong, said a senior BPC official on Thursday.
State-owned BPC sold a cargo of the same size in January to Vitol at a discount of $1.63 to Singapore quotes.
Bangladesh's sole Eastern Refinery, with a capacity of 33,000 bpd, produces 1.26 million barrels of naphtha a year.
BPC imports 600,000 t of Murban crude from Abu Dhabi National Oil Co and another 600,000 t of Arab Light from Saudi Aramco annually for the refinery.
Reporting by Ruma Paul; Editing by Tom Hogue
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