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BUZZ-India's ONGC cancels sales of Hazira naphtha
May 19, 2017 / 6:38 AM / 7 months ago

BUZZ-India's ONGC cancels sales of Hazira naphtha

** India’s Oil & Natural Gas Corp (ONGC) cancels an offer for 30,000 tonnes of naphtha loading from Hazira on June 2-3 due to domestic demand, sources familiar with the matter say

** ONGC exports naphtha from Mumbai and Hazira, but feedstock from the latter is to be supplied to a cracker operated by ONGC Petro additions Ltd (OPaL)

** But OPaL initially did not need the June cargo, sources added, which resulted in ONGC offering it to the spot market

** The cargo is now diverted back to OPaL - sources

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