India's ONGC sells 35,000 tonnes naphtha for early April loading

17 March 2014 08:08 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 3-4 April, traders said on Monday.

The deal for the cargo was done at a premium of $42/tonne to FOB (free on board) Middle East quotes and the buyer was Total, they added.

In its previous tender, ONGC sold a similar-sized naphtha cargo for loading from Hazira on 19-20 March, to Chinese trading firm Unipec. The deal for the cargo was done at a premium of about $33/tonne to FOB Middle East quotes.​

By Felicia Loo