Reliance bags mega Lanka tender

By siliconindia staff writer   |   Wednesday, 26 May 2004, 07:00 Hrs
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SINGAPORE: Reliance has won a tender to supply a combined cargo of June gas oil and jet fuel to Sri Lanka's Ceylon Petroleum Corp (Ceypetco), a Ceypetco official said on Wednesday.

Reliance, India's largest oil refiner, sold the gas oil at $1.17 a barrel over Singapore spot quotes and jet A-1 at $1.38 a barrel over Singapore spot jet-kerosene quotes, the Ceypetco official said.

Ceypetco's tender sought 1,80,000 barrels of 0.25 per cent gas oil and 1,20,000 barrels of jet A-1 for delivery into the southern Sri Lankan port of Colombo from June 16-17 on a cost and freight (C&F) basis.

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