Chevron buys 35,000 tons of naphtha from ONGC in a rare move

22-Feb-13
Chevron has bought 35,000 tons of naphtha from India's Oil and Natural Gas Corp (ONGC) for March 3-4 loading from Hazira in a rare move, as per Reuters. Chevron paid a premium of about US$50/ton to Middle East quotes on a free-on-board (FOB) basis.This is an unusual move because Chevron does not regularly buy Indian spot cargoes.
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