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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