India’s ONGC sells naphtha cargo at $18/t premium

10 March 2008 08:24  [Source: ICIS news]

SINGAPORE (ICIS news)--India's Oil and Natural Gas Corp (ONGC) has awarded its naphtha sell tender at a premium of $18/tonne to Middle East quotes FOB (free on board), industry sources said on Monday.

The tender was for 35,000 tonnes of naphtha to be delivered at JNPT, Mumbai on 1-2 April.  

Seller details remained sketchy. The tender closed on 4 March and was valid till 5 March.

ONGC had previously sold a similar cargo in early March at a $13.50/tonne premium to Middle East quotes FOB.

By: Desmond Chia
+65 6780 4359

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