India’s ONGC sells 35,000 tonnes naphtha for end-October

10 October 2013 05:09  [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, traders said on Thursday.

The loading dates are set on 28-29 October.

The deal for the cargo was done at a premium of $14.00/tonne (€10.40/tonne) to Middle East quotes FOB (free on board), and the buyer was oil major Shell, the traders said.

In its previous tender, ONGC sold a 35,000 tonne naphtha cargo for loading from Hazira on 26-27 October, at a premium of $17/tonne to Middle East quotes FOB, to trading firm Gunvor.


By: Felicia Loo



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