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Chevron buys Hazira naphtha from India ONGC in rare move
SINGAPORE: Chevron has bought 35,000 tonnes of naphtha from India's Oil and Natural Gas Corp (ONGC) for March 3-4 load
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Chevron paid a premium of about $50 a tonne to Middle East quotes on a free-on-board (FOB) basis, almost similar to levels of about $51 a tonne Itochu had paid previously for a Hazira cargo from ONGC for Feb. 21-22 loading.
Traders said Chevron may supply the cargo to a North Asian end user who needs the heavier naphtha grade although this could not be confirmed.