India’s ONGC sells 35,000 tonnes naphtha for end-Nov loading

20 November 2012 02:01  [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 28-29 November, traders said on Tuesday.

The buyer was Chinese trading firm Unipec and the deal for the cargo was done at a premium of around $38.00/tonne (€29.60/tonne) to Middle East quotes FOB (free on board), the traders added.

In its last tender, ONGC sold a 35,000-tonne naphtha cargo for loading from Hazira to Gunvor at a premium of $47.50/tonne to Middle East quotes FOB for loading on 18-19 November.

($1 = €0.78)


By: Felicia Loo



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly