India’s ONGC sells Hazira H2 April naphtha

04 April 2008 09:05  [Source: ICIS news]

SINGAPORE (ICIS news)--India’s Oil and Natural Gas Corp (ONGC)  has awarded its tender to sell  35,000 tonnes of naphtha for second half of April lifting, industry sources said on Friday.

The cargo was sold at a premium of $5.85/tonne to Middle East quotes FOB (free on board) Hazira to a western major.

The company offered the cargo for 27-28 April loading from Hazira on the west coast of India, in a tender which closed on 2 April, valid till 3 April.  

ONGC previously sold a similar cargo for 9-10 April loading at a premium of $5.20/tonne to Middle East quotes FOB Hazira.

By: Desmond Chia
+65 6780 4359

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