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

13 May 2013 05:48  [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 Japanese firm Marubeni for loading from Hazira on 29-30 May, traders said on Monday.

The cargo was done at a premium of $30/tonne (€23/tonne) to Middle East quotes FOB (free on board), they added.

ONGC last sold by tender a 35,000 tonne naphtha cargo to Japanese firm Idemitsu for loading from Hazira on 17-18 May, at a premium of $34.50/tonne to Middle East quotes FOB.

($1 = €0.77)


By: Felicia Loo



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