India’s ONGC sells 35,000 tonnes naphtha for 27-28 March

04 March 2013 03:43  [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 27-28 March, traders said on Monday.

The deal for the cargo was done at a premium of $57.80/tonne (€44.50/tonne) to Middle East quotes FOB (free on board), and the buyer was Japanese trading firm Marubeni, they added.

In its previous tender, ONGC sold a 35,000-tonne naphtha cargo to Chevron for loading from Hazira on 3-4 March, at around $50/tonne premium to Middle East quotes FOB.

($1 = €0.77)

By: Felicia Loo

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly