Bangladesh naphtha draws highest bid since August

23 Feb, 2015

DHAKA: Bangladesh Petroleum Corp (BPC) will sell 170,000 barrels of naphtha to Unipec at a premium of $0.39 per barrel to Singapore quotes, the highest since August and sharply up from the previous sale.

Unipec offered the best price among six companies that competed for the tender, a BPC official said on Monday, as the tender opened on Feb. 18 with validity up to Feb. 26.

This will be the highest selling price since August when state-owned BPC sold a similar cargo at a premium of $1.32 a barrel to Singapore spot quotes

Copyright Reuters, 2015

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