India’s ONGC sells 35,000 tonnes naphtha for 24-25 Dec loading

10 December 2012 08:12  [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 Mumbai on 24-25 December, traders said on Monday.

The buyer was energy major Shell, they added.

The deal for the cargo was done at a premium of $35.25/tonne (€25.15/tonne) to Middle East quotes FOB (free on board), traders said.

($1 = €0.78)

By: Felicia Loo

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