Lanka IOC seeks 30,000 Tonnes oil products

SINGAPORE: Lanka IOC, the Sri Lankan arm of Indian Oil Corp, is seeking 30,000 tonnes of gasoil and gasoline for delivery in April, a tender document showed on Tuesday.

The company is seeking 19,000 tonnes of 0.25 per cent sulphur gasoil, 9,000 tonnes of 92-octane gasoline and 2,000 tonnes of E-3 gasoline, which is an ethanol-gasoline blended fuel.

The cargoes are for delivery into China Bay, Trincomalee over April 29 to 30.

The tender closes on April 5 and is valid until April 6.

Lanka IOC last bought 36,500 tonnes of 0.25 per cent sulphur gasoil from ENOC at a premium of about $1.60 a barrel above Singapore quotes and 3,500 tonnes of 10 ppm sulphur gasoil from ENOC at a premium of about $4 a barrel. The cargoes were for delivery over April 17 to 18.