Pakistan Refinery Limited has issued a spot tender to export two 15,000-tonne lots of naphtha for May loading, a trading source said on Tuesday. The tender will close on Wednesday, with the validity remaining until Friday, the source said.
The Karachi-based refinery, Pakistan's third-largest complex with a capacity of 50,000 barrels per day, sold two cargoes of naphtha via its previous tender for April to Glencore at a premium of more than 20 dollars a tonne to Middle East spot quotes, on a free-on-board basis, the source added.
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