India’s ONGC sells 35,000 tonnes naphtha at stronger premium
30 August 2012 10:38 [Source: ICIS news]
SINGAPORE (ICIS)--?xml:namespace>India’s Oil and Natural Gas Corp (ONGC) has sold by tender 35,000 tonnes of naphtha for loading from Mumbai on 13-14 September at a sharply higher premium because of tight regional supply, traders said on Thursday.
The cargo was awarded to SOCAR at a premium of $32.50/tonne (€26.00/tonne) to Middle East quotes FOB (free on board), they added.
In its previous tender, ONGC sold 35,000 tonnes of naphtha for loading from Hazira on 10-11 September. The cargo was awarded to France’s Total at a premium of $23.50/tonne to Middle East quotes FOB.
($1 = €0.80)By: Felicia Loo
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