India’s ONGC sells 35,000 tonnes naphtha for 13-14 April loading

25 March 2013 10:12  [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 13-14 April, traders said on Monday.

The deal for the cargo was done at a premium of $49.50/tonne (€38.10/tonne) to Middle East quotes FOB (free on board), they added.

In its last tender, ONGC sold 35,000 tonnes of naphtha to Japanese company Idemitsu for loading from Mumbai on 7-8 April, at a premium of $62.50/tonne to Middle East quotes FOB.

In an earlier tender, ONGC sold 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.


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