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

04 February 2013 04:45  [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 to Japanese trading firm Itochu for loading in second half of February, traders said on Monday.

The deal for the cargo was done at a premium of $50.51/tonne (€36.87/tonne) to Japan quotes CFR (cost & freight) for loading from Hazira on 21-22 February, they added.

In its previous tender, ONGC sold a 35,000 tonne naphtha cargo to Japanese trading firm Idemitsu for loading from Hazira on 9-10 February. The deal for the cargo was done at a premium of $43.50/tonne to Middle East quotes FOB (free on board).

($1 = €0.73)


By: Felicia Loo



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