India's ONGC offers 35,000 tonnes naphtha for early December

14 November 2011 03:39  [Source: ICIS news]

SINGPAPORE (ICIS)--Indian refiner Oil and Natural Gas Corp (ONGC) is offering by tender 35,000 tonnes of naphtha for loading from Hazira, according to a tender document obtained by ICIS on Monday.

The loading dates are 7-8 December in the tender, which will close on 17 November, it stated.

In its last tender, ONGC sold two 35,000 tonne cargoes of naphtha for loading on 23-24 November. Trading firm Mercuria won the heavy-grade cargo at a premium of $9.19/tonne (€6.62/tonne) to Middle East quotes FOB (free on board) for loading from Mumbai, while Total was awarded the cargo ex-Hazira at Middle East quotes FOB plus $19/tonne.

($1 = €0.72)

For more on naphtha, visit ICIS chemical intelligence

By: Felicia Loo

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