ONGC and subsidiary sell 95,000 tons of naphtha and gasoline for August-September delivery

07-Aug-12

Oil & Natural Gas Corp (ONGC) and its subsidiary Mangalore Refinery and Petrochemicals Ltd (MRPL) have sold a total of 95,000 tons of naphtha and gasoline for August-September delivery, as per Reuters. ONGC has sold 35,000 tons of naphtha for Aug. 28-29 loading from Hazira to Total at premiums of US$27.50/ton to Middle East quotes on a free-on-board (FOB) basis. Two cargoes were for August loading from Hazira -for Aug. 5-6 to Total at US$33/ton premium and another for Aug. 18-19 to Gunvor at US$25 premium. MRPL has sold 35,000 tons of naphtha to PetroChina for Sept. 9-11 loading from New Mangalore at US$29.50/ton premium, and 25,000 tons of 92-octane gasoline for Sept. 1-3 loading to Shell at premiums of US$2.60 a barrel.