India’s ONGC offers 35,000 tonnes naphtha for 25-26 March

02 March 2012 02:22  [Source: ICIS news]

SINGAPORE (ICIS)--Indian refiner Oil and Natural Gas Corporation (ONGC) is offering by tender 35,000 tonnes of naphtha for loading from Hazira on 25-26 March, traders said on Friday.

The tender closes at 09:30 hours India time (15:00 hours GMT) on 6 March and will remain valid until 19:30 India time on the same day, traders said.

ONGC previously sold by tender 35,000 tonnes of naphtha for loading from Mumbai on 10-11 February.

The cargo, which was awarded to France’s Total Petrochemicals, fetched a premium of $32.59/tonne (€24.44/tonne) to Middle East quotes FOB (free on board).

($1 = €0.75)

By: Quintella Koh
+65 6780 4372

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