India’s ONGC sells 35,000 tonnes naphtha for 21-22 Dec loading

06 December 2012 09:01  [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 in the second half of December, traders said on Thursday.

The cargo is scheduled for loading from Hazira on 21-22 December, they said.

Chinese trading firm Unipec won the cargo at a premium of $31.35/tonne (€24/tonne) to Middle East quotes FOB (free on board), traders added.

In its last tender, ONGC sold a 35,000-tonne naphtha cargo for loading from Hazira on 10-11 December to Gunvor. The deal for the cargo was done at a premium of $31.00-32.00/tonne to Middle East quotes FOB.

($1 = €0.77)

By: Felicia Loo

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