Sunday, October 25, 2009

ONGC and subsidiary MRPL fetch higher premiums of two naphtha cargoes

India's Oil & Natural Gas (ONGC) and its subsidiary Mangalore Refineries and Petrochemicals Ltd (MRPL) have concluded November deals by tender for total 176,000 tons of naphtha, diesel and jet fuel. AAs the market shows signs of improvement over the past week, the Indian major has realized higher premiums for two of the three naphtha cargoes.

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