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Dhaka Friday,  Mar 29, 2024

Govt Issues To Sell 170,000 Barrels Naphtha

EB Desk

Bangladesh Petroleum Corp (BPC) issued an international tender on Monday to sell 170,000 barrels of naphtha for Dec. 22-24 loading from Chittagong, according to the tender document. The tender will close on Dec. 6 with validity up to Dec. 13.

This month, state-owned BPC sold a cargo of the same size to Swiss Singapore Overseas at a discount of 89 cents to Singapore quotes.

Bangladesh’s sole Eastern Refinery, which has a capacity of 33,000 barrels per day, produces 1.26 million barrels of naphtha a year.

BPC imports 600,000 tonnes of Murban crude from Abu Dhabi National Oil Co and another 600,000 tonnes of Arab Light from Saudi Aramco annually for the refinery.

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