Essar Oil has reportedly sold a rare jet fuel cargo for export in February. The company sold 37,000 tonnes of the aviation fuel for February 11 to 15 loading from Vadinar, its first such cargo since September, 2013. The cargo was likely sold to BP at a premium of 50 cents a barrel to Middle East quotes.
The refiner usually exports gasoil and usually sells the jet fuel it refines to local customers. Moreover, the company is looking to optimise its production and has an extra cargo available.
Essar Oil is a fully integrated oil & gas company of international scale with strong presence across the hydrocarbon value chain from exploration & production to refining and oil retail.
