India’s ONGC sells 35,000 tonnes naphtha for 17-18 March loading

28 February 2013 08:14  [Source: ICIS news]

SINGAPORE (ICIS)--Indian state-owned refiner Oil and Natural Gas Corp (ONGC) has sold by tender 35,000 tonnes of naphtha for loading from Hazira on 17-18 March, traders said on Thursday.

The deal for the cargo was done at a premium of around $56.80/tonne (€43.2/tonne) to Middle East quotes FOB (free on board), they added.

The buyer was Japanese trading firm Itochu.

In its previous tender, ONGC sold a 35,000 tonne naphtha cargo to Chevron for loading from Hazira on 3-4 March, at a premium of around $50.00/tonne to Middle East quotes FOB.

($1 = €0.76)


By: Felicia Loo



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