ONGC awards naphtha sell tender for early July

09 June 2008 05:53  [Source: ICIS news]

SINGAPORE (ICIS news)--India’s Oil and Natural Gas Corp (ONGC) has awarded its naphtha sell tender for early July lifting, industry sources said on Monday.

The cargo was sold to a Korean trader at around a premium of $21.00/tonne to Middle East quotes FOB (free on board) Hazira. The tender offers a 40,000 tonne cargo of naphtha to be lifted over 3-4 July from Hazira in the west coast of India.

The tender had closed on 5 June with validity till 6 June. 

ONGC previously sold a similar cargo to a Korean trader at around a premium of $17.00-18.00/tonne to Middle East quotes FOB Hazira for 17-18 June lifting.

($1 = €0.63)

By: Desmond Chia
+65 6780 4359

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