ONGC issues naphtha sell tender for H2 Jan

08 December 2008 07:35  [Source: ICIS news]

SINGAPORE (ICIS news)--India’s Oil and Natural Gas Corp (ONGC) has issued a naphtha sell tender for second half of January lifting, industry sources said on Monday.

The tender offers a 35,000-tonne cargo for lifting over 20-21 January from Jawaharlal Nehru Port (JNPT), Mumbai on the west coast of India. The tender closes on 11 December, with validity till 12 December.

ONGC previously sold a similar cargo to Glencore at a discount of $12.50/tonne (€9.7/tonne) FOB (free-on-board) Mumbai to Middle East quotes for lifting over 22-23 November.

($1 = €0.79)

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By: Desmond Chia
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