ONGC sells naphtha lots at higher premiums

SINGAPORE, Jan 12 (Reuters) Oil and Natural Gas Corp. (ONGC) has sold two 35,000-tonne naphtha cargoes for loading from Hazira port in February at higher premiums than its last sale, traders said on Friday.

ONGC sold one cargo for Feb. 8-9 loading to Vitol and the other parcel for Feb. 22-23 to Petrodiamond both at more than -a-tonne premium to Middle East spot quotes, on a free-on-board (FOB) basis, they said.

ONGC last month awarded a similar Hazira cargo to Projector at around a - a tonne premium to Middle East quotes for Jan. 22-23 loading.

REUTERS cs DS1430