25 March 2013 10:52 [Source: ICIS news]
(Adds details in paragraph 1)
SINGAPORE (ICIS)--Indian state-owned refiner Oil and Natural Gas Corp (ONGC) has sold by tender a 35,000 tonne naphtha cargo to oil major BP 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.
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