Home / Knowledge / News / Textiles / Glencore succeeds to bag BPC naptha tender
Glencore succeeds to bag BPC naptha tender
02
Jan '08
Each month Bangladesh Petroleum Corporation, floats tender for the export of Naphtha. This time, Glencore International, one of the largest marketeer for the Crude Oil and Oil Products globally, made the best bid for importing 110,000 barrels of open-specification naphtha for the month of January.

Glencore quoted a discount of US $1.65 a barrel to Singapore spot naphtha with its free-on-board quote of $92.53 per barrel.

When Fibre2fashion contacted Bangladesh Petroleum Corporation, in this regard, official sources said, “Ours is a free destination trade. Each month we float tenders for the companuies to bid and we trade with those who give us the best deals.”

According to the source, apart from Swiss Glencore, Projector Asia Pvt Ltd and Vitol Asia from korea also took part in the naptha tender.

Talking about the production capacity, the source said, “We produce 90,000–1,20,000 barrels of naphtha each month. By next year we expect that our output will reach to 150,000 barrels per month.

“We have three estorage tanks for reposition purposes and one of them is closed for maintaining purposes, which will get completed by the end of this year. We will ship naphtha for Glencore from our Chittagong Port itself.”

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 9th Dec 2016

ACIMIT signs MoU with Pakistan textile bodies

In a bid to strengthen the trading in garments and textiles between...

Textiles | On 9th Dec 2016

‘Less demand may make it hard to achieve export target’

The $48 billion target for textiles and garment exports for 2016-17...

Textiles | On 9th Dec 2016

GST Council may decrease tax rates in future: CBEC

The goods and services tax (GST) Council might reduce the proposed...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search