India’s ONGC sells 35,000 tonnes naphtha for 13-14 August

22 July 2013 03:57  [Source: ICIS news]

SINGAPORE (ICIS)--Indian state-owned refiner Oil and Natural Gas Corp (ONGC) has sold a 35,000 tonne naphtha cargo for loading from Hazira on 13-14 August, traders said on Monday.

Chinese trading firm bought the cargo at Middle East quotes FOB (free on board) plus $27/tonne (€21/tonne), they added.

ONGC last sold by tender a similar-sized naphtha cargo to SK Energy, for loading from Hazira on 30-31 July.

The deal for the cargo was done at a premium of $25.68/tonne to Middle East quotes FOB.

($1 = €0.76)

By: Felicia Loo

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