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

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