ONGC received highest premium on naphtha cargo in four months

Socar Trading, a unit of Azerbaijan's state oil firm, bought its first naphtha cargo from India's Oil & Natural Gas Corp (ONGC) at premiums of about US$31.50/ton to Middle East quotes on a free-on-board (FOB) basis, as per Reuters. This is the highest premium ONGC has received in four months for a naphtha cargo lifting from Mumbai port. The 35,000 ton cargo is scheduled for Sept 13-14 loading.
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