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 ?xml:namespace>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
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