India’s ONGC sells 35,000 tonnes naphtha to Gunvor

26 November 2012 02:35  [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 10-11 December, traders said on Monday.

The buyer was Gunvor, and the deal for the cargo was done at a premium of $31.00-32.00/tonne (€23.87-24.64/tonne) to Middle East quotes FOB (free on board), they said.

In its previous tender, ONGC sold 35,000 tonnes of naphtha for loading from Hazira on 28-29 November to Chinese trading firm Unipec, at a premium of around $38.00/tonne (€29.60/tonne) to Middle East quotes FOB.

($1 = €0.77)


By: Felicia Loo



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