ONGC issues H2 May naphtha sell tender

17 April 2008 06:51  [Source: ICIS news]

SINGAPORE (ICIS news)--India’s Oil and Natural Gas Corp (ONGC)  has issued another tender to sell 35,000 tonnes of naphtha for lifting in the second half of May, industry sources said on Thursday.

The cargo was for lifting over 20-21 May from Hazira on the west coast of India.

The tender closes on 22 April, and is valid till 23 April.

ONGC had earlier issued a naphtha sell tender offering a similar cargo to be lifted from the same refinery over 7-8 May. The tender will also close on the same day.

ONGC previously sold a similar cargo at a premium of $5.85/tonne to Middle East quotes FOB (free on board) Hazira to a western major for loading from Hazira over 27-28 April.


By: Desmond Chia
+65 6780 4359



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