India’s ONGC sell 35,000 tonnes of mid-May naphtha to UNIPEC

12 April 2012 08:51  [Source: ICIS news]

SINGAPORE (ICIS)--Indian refiner Oil and Natural Gas Corp (ONGC) has sold via a tender 35,000 tonnes of naphtha to China International United Petroleum & Chemical Corp (UNIPEC), several traders said Thursday.

The cargo will be loaded from Hazira in west India on 13-May, they said.

The tender offer was awarded at a premium of $46/tonne (€35/tonne) to FOB (free on board) Middle East quotes, the traders said.

ONGC last sold by tender 35,000 tonnes of naphtha for loading from Hazira on 30 April to 1 May to France’s Total Oil Trading SA (TOTSA) at a premium of above $40/tonne to FOB Middle East quotes, they added.

($1 = €0.76)

By: Quintella Koh
+65 6780 4372

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