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Wed 15 Jul 2009 09:52

60,000-tonne cargo of 180-cst for sale


Indian firm offers fuel oil parcel for lifting in August. Tender closes Friday.

India's Essar Oil has issued a tender to sell 60,000 metric tonnes of 180-cst fuel oil for loading next month, Reuters reports.

The fuel oil parcel is scheduled for loading from Vadinar, in Jamnagar, Gujarat on August 12-16.

The tender is due to close on Friday 17th July.

Essar previously sold a 60,000-tonne cargo of 180-cst fuel oil for July 28-Aug 1 lifting from Vadinar to cargo trader and bunker supplier FAL Oil at an undisclosed price.

The company also sold two other 60,000-tonne cargoes of 180-cst fuel oil to FAL Oil for lifting from Vadinar on May 17-21 and May 30-June 3, where the company also operates its US$2.14 billion Esssar Refinery.

The oil terminal at Vadinar is operated by Vadinar Oil Terminal Ltd. (VOTL), a wholly owned subsidiary of Essar Shipping & Logistics Ltd. The 32 million tonne terminal facility began operating in September 2007.

Essar's refinery in Vadinar is able to produce 10.5 million tonners per annum and is ideally located on India's West Coast in close proximity to the crude rich Gulf States. Vadinar is an all-weather deep-draft natural port and over 60 percent of India's crude imports land in and around this region.

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