India’s ONGC sells 35,000 tonnes naphtha for late December

09 December 2013 10:06  [Source: ICIS news]

SINGAPORE (ICIS)--Indian state-owned refiner Oil and Natural Gas Corp (ONGC) has sold by tender 35,000 tonnes of naphtha for loading from Hazira on 30-31 December, traders said on Monday.

The buyer was Chinese trading firm Unipec, with the deal for the cargo done at around $34/tonne (€25.20/tonne) to FOB (free on board) Middle East quotes, they added.

In its previous tender, ONGC had sold a 35,000 tonne naphtha cargo for loading from Hazira on 16-17 December to trading firm Total.

The deal for the cargo was done at a premium of $29/tonne to FOB Middle East quotes.

($1 = €0.73)

By: Felicia Loo

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