India's ONGC sells 35,000 tonnes naphtha for end Dec-early Jan

18 December 2012 02:52  [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 between 31 December and 1 January, traders said on Tuesday.

Idemitsu was the buyer and the deal for the cargo was done at a premium of $44.00/tonne (€33.44/tonene) to Middle East quotes FOB (free on board), they said.

In its last tender, ONGC sold a 35,000-tonne naphtha cargo for loading from Hazira on 21-22 December. Chinese trading firm Unipec won the cargo at a premium of $31.35/tonne to Middle East quotes FOB.

($1 = €0.76)

By: Felicia Loo

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