India’s ONGC awards H2 April naphtha sell tender

10 April 2008 07:14  [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 lifting in the second half of April, industry sources said on Thursday.

The cargo was sold at a premium of around $8.50/tonne to Middle East quotes FOB (free on board) Mumbai and the buyer was said to be a western trader.

The company offered the cargo for loading on 25-26 April from Mumbai on the west coast of India in a tender which closed on 8 April, valid till 9 April.  

ONGC previously sold a 35,000-tonne cargo at a premium of around $18/tonne to Middle East quotes FOB loading over 1-2 April from Mumbai.

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