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Asia Naphtha-Bangladesh naphtha tender gets lowest bid since Nov 2014

Published February 8, 2016 Updated February 8, 2016 01:36pm

1 min

By Shoaib Ur Rehman

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DHAKA: Bangladesh Petroleum Corp (BPC) will sell 170,000 barrels of naphtha to Japanese trading firm Itochu at a discount of $1.19 to Singapore quotes, the lowest price since November 2014.

Itochu quoted the best price among seven firms competing in the tender for the cargo, lifting over Feb. 21-23 on a free-on-board (FOB) basis from Chittagong, said a company official after the tender was opened on Monday.

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