India’s ONGC sells 35,000 tonnes naphtha for early July

20 June 2013 10:16  [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 in early July, to Japanese trading firm ITOCHU, traders said on Thursday.

The deal for the cargo was done at a premium of $18.28/tonne (€13.71/tonne) to Middle East quotes FOB (free on board) for loading on 5-6 July, they added.

ONGC previously sold by tender a 35,000 tonne naphtha cargo for loading from Hazira on 23-24 June. The deal for the cargo was done at a premium of $26.25/tonne to Middle East quotes FOB.

($1 = €0.75)


By: Felicia Loo



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