India’s ONGC sells 35,000 tonnes naphtha for early April

20 March 2013 09:11  [Source: ICIS news]

SINGAPORE (ICIS)--Indian state-owned refiner Oil and Natural Gas Corp (ONGC) has sold by tender 35,000 tonnes of naphtha to Japanese company Idemitsu for loading from Mumbai on 7-8 April, traders said on Wednesday.

The deal for the cargo was done at a premium of $62.50/tonne (€48.75/tonne) to Middle East quotes FOB (free on board), they added.

ONGC previously sold by tender 35,000 tonnes of naphtha for loading from Hazira on 27-28 March. The deal for the cargo was done at a premium of $57.80/tonne to Middle East quotes FOB, and the buyer was Japanese trading firm Marubeni.

($1 = €0.78)


By: Felicia Loo



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