India's ONGC offers 35,000t naphtha for 30-31 March loading

18 February 2010 03:04  [Source: ICIS news]

SINGAPORE (ICIS news)--India’s Oil and Natural Gas Corp (ONGC) is selling 35,000 tonnes of naphtha for loading from Hazira on 30-31 March, a tender document showed on Thursday.

The tender closes on 24 February and bids will stay valid until 25 February.

ONGC last sold through separate tenders two 35,000-tonne cargoes of naphtha for loading in early March.

The first cargo was done at a premium of $20.50/tonne (€15/tonne) to Middle East FOB (free on board) quotes, for loading from Mumbai on 6-7 March.

The second parcel fetched a premium of $27/tonne Middle East FOB, for loading on 9-10 March from Hazira.

($1 = €0.73)

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By: Felicia Loo

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