India’s ONGC offers 35,000 tonnes naphtha for early March

07 February 2011 03:14  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Oil and Natural Gas Corp (ONGC) is offering by tender 35,000 tonnes of naphtha for loading from Mumbai on 2–3 March, a tender document showed on Monday.

The tender will close on 9 February, with bids to stay valid until 10 February.

ONGC previously sold by tender 35,000 tonnes of naphtha to PetroChina for loading from Mumbai on 11–12 February, at a premium of $20/tonne (€15/tonne) to Middle East quotes FOB (free on board).

($1 = €0.74)

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By: Felicia Loo

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