India’s ONGC to offer 35,000 tonnes of naphtha in early May

25 April 2011 07:19  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Oil and Natural Gas Corp (ONGC) is offering via tender 35,000 tonnes of naphtha for loading from Hazira in early May, according to a tender document on Monday.

The cargo will be lifted on 5-6 May. The tender closes on 26 April with bids to stay valid until 27 April.

In its previous tender sale, ONGC awarded 35,000 tonnes of naphtha to Japan’s Itochu at a premium of $21.25/tonne to Middle East quotes FOB (free on board) for loading from Mumbai on 17-18 April. 

ONGC sold via the same tender 35,000 tonnes of naphtha to France’s Total for loading from Hazira on 21-22 April at Middle East quotes FOB plus $20/tonne.

For more on naphtha, visit ICIS chemical intelligence 

By: Felicia Loo

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