India’s ONGC awards Hazira naphtha sell tender

13 June 2008 05:14  [Source: ICIS news]

SINGAPORE (ICIS news)--India’s Oil and Natural Gas Corp (ONGC) has awarded its tender to sell 40,000 tonnes of naphtha for lifting in mid-July, industry sources said on Friday.

The tender was awarded at a premium of around $19/tonne to Middle East quotes FOB (free on board) Hazira to a western trader.

The company offered the cargo for lifting over 15-16 July from SPM, Hazira on the west coast of India in a tender which closed on 12 June.

ONGC recently sold a similar cargo to a South Korean trader at a premium of around $21/tonne to Middle East quotes FOB Hazira over 3-4 July from SPM, Hazira.

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By: Desmond Chia
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