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

20 December 2012 02:22  [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 21-22 January, traders said on Thursday.

Total was the buyer and the deal for the cargo was done at a premium of $42-43/tonne to Middle East quotes FOB (free on board), they added.

In its last tender, ONGC sold a 35,000-tonne naphtha cargo to energy major Shell for loading from Mumbai on 24-25 December. The premium stood at $35.25/tonne (€25.15/tonne) to Middle East quotes FOB.

By: Felicia Loo

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