India's ONGC sells 35,000 tonnes naphtha at $39/tonne premium

03 September 2012 10:54  [Source: ICIS news]

SINGAPORE (ICIS)--Indian state-owned refiner Oil and Natural Gas Corp (ONGC) has sold by tender 35,000 tonnes of naphtha for loading from Hazira on 23-24 September, traders said on Monday.

Chinese trading firm Unipec won the cargo at a premium of $39/tonne (€31/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 = €0.79)


By: Felicia Loo



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