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Our Bureau

Chennai, Feb. 17

Tamilnadu Petroproducts Ltd (TPL) has signed a `master swap agreement' with Shell International Trading and Shipping Company. The agreement will enable TPL to manage the price risks associated with its typically price-volatile feedstocks — kerosene, benzene, fuel oil and imported n-paraffin. Basically, "the arrangement will enable us to offer longer term fixed price" for TPL's product, Linear Alkyl Benzene (LAB), says a press release from the company.

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