Indian ONGC sells 35,000 tonnes naphtha for 23-24 June

05 June 2013 04:27  [Source: ICIS news]

(recasts lead for clarity)

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 23-24 June, traders said on Wednesday.

The deal for the cargo was done at a premium of $26.25/tonne (€20/tonne) to Middle East quotes FOB (free on board), they added.

In its previous tender award, ONGC sold 35,000 tonnes of naphtha for loading from Hazira on 12-13 June. Trading firm Mercuria won the cargo at a premium of $29.50/tonne to Middle East quotes FOB.

($1 = €0.76)


By: Felicia Loo



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