The New Nation - Internet Edition

BUSINESS REPORT

Bangladesh Petroleum Corporation (BPC) has invited a tender to sell 1,10,000 barrels of open-specification naphtha for September lifting, a BPC official said yesterday.

The tender will close on August 12 with validity up to August 18. The loading will be on a freight-on-board (FoB) basis from Chittagong from September 3 to September 6.

Earlier this month, the state-owned BPC, owner of the Eastern Refinery Ltd-the sole refinery of the country, sold through tender a similar quantity of naphtha to Singapore-based GPR Co Pte Limited at $130.35 a barrel early this month. A similar quantity is likely to be sold soon to the Singapore arm of Trafigura Pte as it made the best offer of $118.94 a barrel at a latest tender on July 22. The validity of the tender ends today (Sunday).