ONGC offers 35,000 tonnes of naphtha for June loading

24 May 2010 14:13  [Source: ICIS news]

SINGAPORE (ICIS news)--India’s Oil and Natural Gas Corporation (ONGC) has issued a tender offering 35,000 tonnes of naphtha for loading on 21-22 June from Mumbai port, the company said on Monday.

The tender closes on 25 May, and bids would stay valid until later the same day, the company added.

The results also emerged of another ONGC tender which had offered 35,000 tonnes of naphtha for loading from Hazira port on 22-23 June. The tender was heard to have been awarded to a European trader at a premium of $19.00/tonne (€15.2/tonne) to Middle East quotes FOB (free on board).

($1 = €0.80)

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By: James Dennis
+65 6780 4359

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