India’s ONGC sells 35,000 tonnes naphtha at $47.50/tonne premium

05 November 2012 02:00  [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, traders said on Monday.

The deal for the cargo was done at a premium of $47.50/tonne (€37.05/tonne) to Middle East quotes FOB (free on board) for loading on 18-19 November, and the buyer was Gunvor, they added.

In its last tender, ONGC sold a 35,000 tonne naphtha cargo to Total at a premium of $38-39/tonne to Middle East quotes FOB for loading from Mumbai on 12-13 November.

In an earlier tender, ONGC sold a similar-sized naphtha cargo to Total at a premium of $31.50/tonne to Middle East quotes FOB for loading from Hazira on 26-27 October.

($1 = €0.78)


By: Felicia Loo



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