ONGC awards naphtha sell tender for mid-July

09 June 2008 06:31  [Source: ICIS news]

SINGAPORE (ICIS news)--India’s Oil and Natural Gas Corp (ONGC) has awarded its naphtha sell tender for mid-July lifting, industry sources said on Monday.

The tender was awarded at a premium of $23.00/tonne to Middle East quotes FOB (free on board) Mumbai for lifting over 15-16 July to a western trader.

The tender, which was originally scheduled to close on 3 June and validity till 4 June, had been re-scheduled to close on 5 June with validity till 6 June. It offers a 35,000 tonne cargo for lifting over 15-16 July from Jawaharlal Nehru Port (JNPT) in Mumbai.

ONGC previously sold at around premium of $20.00/tonne to Middle East quotes FOB Mumbai to a western trader a similar cargo of naphtha to be lifted from JNPT in Mumbai in the west coast of India for loading over 24-25 June.

($1 = €0.63)


By: Desmond Chia
+65 6780 4359



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