IOC offers 27-29KT naphtha for April

SINGAPORE, Mar 7 (Reuters) Indian Oil Corp. (IOC) is due to close its spot tender on Wednesday to export 27,000-29,000 tonnes of naphtha for April loading from Dahej, a trading source said.

The tender is valid till Thursday.

The state-run refiner last month sold six naphtha cargoes for loading between April and September to Japanese trader Itochu Corp.

via a term tender -- one 27,000-29,000 tonne cargo per month to be loaded in Dahej, between Kandla and Mumbai.

A trader said the IOC awarded a .88 a tonne premium to the average of Argus and Platts Middle East quotes.

REUTERS CS PM1638