India’s ONGC sells 35,000 tonnes naphtha for 5-6 May loading

25 April 2013 11:02  [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 to trading firm Vitol for loading from Hazira on 5-6 May, traders said on Thursday.

The deal for the cargo was done at a premium of $39.38/tonne (€30.32/tonne) to Middle East quotes FOB (free on board), they added.

In its previous tender, ONGC sold a 35,000 tonne naphtha cargo to Japanese trading firm Marubeni for loading from Hazira on 5-6 May. The deal for the cargo was done at a premium of $41/tonne to Middle East quotes FOB.

($1 = €0.77)


By: Felicia Loo



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