India’s ONGC sells 35,000 tonnes naphtha for 9-10 Feb loading

23 January 2013 09:54  [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 9-10 February, traders said on Wednesday.

The deal for the cargo was done at a premium of $43.50/tonne (€32.63/tonne) to Middle East quotes FOB (free on board) and the buyer was Japanese trading firm Idemitsu, they added.

In its previous tender, ONGC sold a 35,000 tonne naphtha cargo to Total for loading from Hazira on 25-26 January, at a premium of $44.25/tonne to Middle East quotes FOB.

($1 = €0.75)


By: Felicia Loo



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