Singapore, Jan 17: Indian Oil Corp. (IOC) has sold a total of 75,000 tonnes of naphtha for January

Singapore, Jan 17: Indian Oil Corp. (IOC) has sold a total of 75,000 tonnes of naphtha for January and February loading, a trading source said on Wednesday.

The state refiner sold a 25,000-tonne parcel for Jan. 24-27 loading to Glencore, and a similar-sized cargo for Feb. 7-9 loading to Emirates National Oil Co. (ENOC), both at $1 a tonne premium to its own price formula.

The cargoes will be lifted from the western port of Dahej.

IOC also sold a 25,000-tonne lot to be loaded from Jawahar Lal Nehru Port Trust in Mumbai during Feb. 7-10 to South Korea's SK Energy at about $15 a tonne premium to its own price formula.

In its previous tender, IOC sold one 30,000-tonne cargo to be loaded from the port of Kandla on Feb. 2-6 at parity to Middle East spot quotes.

REUTERS