09 May 2008 09:04 [Source: ICIS news]
SINGAPORE (ICIS news)--India’s Oil and Natural Gas Corp (ONGC) has awarded its tender to sell 35000 tonnes of naphtha for lifting towards the end of May at a premium of $9/tonne, industry sources said on Friday.
The cargo was sold to a Japanese trader on an FOB (free on board) Mumbai basis to Middle East quotes.
The company offered the cargo for lifting from Jawaharlal Nehru Port (JNPT) in Mumbai on the west coast of India for loading over 30-31 May in a tender that closed on 8 May.
ONGC previously sold a similar cargo for loading over 25-26 April from Mumbai at a premium of around $8.50/tonne to Middle East quotes FOB Mumbai.
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