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Oil and Natural Gas Corporation (ONGC) sells 2022 Das crude supplies to Trafigural: Report

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ONGC had offered 55 lakh to 60 lakh barrels of Das crude in the tender.

Indian oil explorer ONGC Videsh has sold off Abu Dhabi’s Das crude oil supplies for 2022 to Trafigura through a tender at a strong premium over last year, trade sources said on Friday, citing strong demand for lightly sourced crude. indicated.

This is the second year in a row that a European trader has won the tender. Sources said Trafigura will pay over 30 cents a barrel over the official selling price (OSP) of crude oil for the supply, up from a premium of 15-20 cents last year.

ONGC had offered 55 lakh to 60 lakh barrels of Das crude in the tender.

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