India’s ONGC sells 35,000 tonnes naphtha for 11-12 July loading

27 June 2013 05:16  [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 Mumbai to oil major BP, traders said on Thursday.

The deal for the cargo was done at a premium of $23/tonne (€18/tonne) to Middle East quotes FOB (free on board), they added. The cargo is scheduled for loading on 11-12 July.

In its previous tender sale, ONGC sold a 35,000 tonne naphtha cargo for loading from Hazira in early July, to Japanese trading firm ITOCHU. The deal for the cargo was done at a premium of $18.28/tonne to Middle East quotes FOB for loading on 5-6 July.

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

Separately, in a previous tender for Mumbai loading, ONGC sold 35,000 tonnes of naphtha for loading on 4-5 June to oil major Shell, at a premium of $25.00/tonne to Middle East quotes FOB.

($1 = €0.77)


By: Felicia Loo



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