India’s ONGC sells 35,000 tonnes naphtha for mid-October
12 September 2013 08:05 [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, traders said on Thursday.
Japanese trading firm Marubeni was the buyer of the cargo, they added.
The deal was sealed at a premium of $25/tonne (€19/tonne) to Middle East quotes FOB (free on board) pricing, traders said.
The loading dates are 14-15 October, they added.
In its previous tender, Oil and Natural Gas Corp (ONGC) sold a similar-sized cargo
for loading from Hazira on 1-2 October, to Chinese trading firm Unipec.
The deal for the cargo was done at a premium of $23.00/tonne to Middle East quotes FOB.
($1 = €0.75)By: Felicia Loo
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