India's ONGC offers 35,000 tonnes naphtha for end April, early May

26 March 2012 15:29  [Source: ICIS news]

SINGAPORE (ICIS)--Indian refiner Oil and Natural Gas Corp (ONGC) has issued a tender offering 35,000 tonnes of naphtha, according to a company document released on Monday.

The naphtha cargo is for loading from Hazira in southwestern India from 30 April to 1 May, according to the document. The tender will close on 28 March, with validity until 29 March.

ONGC awarded a tender offering 35,000 tonnes of naphtha for 17–18 April loading to Switzerland-based trader Gunvor at a softer price of around market quotes plus $40-42/tonne (€30–32/tonne) FOB (free on board) Hazira, traders said on Monday.

($1 = €0.75)

By: James Dennis
+65 6780 4359

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