India’s ONGC sells 35,000 tonnes naphtha for mid-Dec

28 November 2013 09:36  [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 on 16-17 December, traders said on Thursday.

Trading firm Total was the buyer of the cargo, they added.

The deal for the cargo was done at a premium of $29/tonne (€21/tonne) to FOB Middle East quotes, traders said.

In its previous tender, ONGC sold 35,000 tonnes of naphtha for loading from Hazira on 2-3 December  to Japanese trading firm Marubeni.

The deal for the cargo was done at a premium of $38/tonne to FOB Middle East quotes.

($1 = €0.74)
By: Felicia Loo



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