The 700,000-barrel cargo was sold to Vitol at a premium of USD 4.50 a barrel above Dubai quotes.
OVL is the unlisted overseas arm of ONGC and is not obligated to report quarterly earning numbers.
Singapore: India’s ONGC Videsh has sold a cargo of Russian Sokol crude loading in November at its highest premium in 2017 on robust demand in Asia, two trade sources said on Friday.
The 700,000-barrel cargo was sold to Vitol at a premium of $4.50 a barrel above Dubai quotes, they said.
The cargo will load on Nov. 18 to 24.
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