India’s ONGC sells 35,000 tonnes naphtha at $31.50/tonne premium

04 October 2012 07:43  [Source: ICIS news]

SINGAPORE (ICIS)--Indian state-owned refiner Oil and Natural Gas Corp (ONGC) has sold by tender a 35,000 tonne naphtha cargo for loading from Hazira on 26-27 October, traders said on Thursday.

ONGC awarded the cargo to Total at a premium of $31.50/tonne to Middle East quotes FOB (free on board), they added.

In its previous tender, ONGC sold a 35,000 tonne cargo of naphtha to Swiss oil trading firm Gunvor at a premium of around $38/tonne to Middle East quotes FOB for loading from Hazira on 16-17 October.


By: Felicia Loo



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