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.