India’s ONGC offers 35,000 tonnes naphtha for first half October

18 September 2012 02:27  [Source: ICIS news]

SINGAPORE (ICIS)--Indian state-owned refiner Oil and Natural Gas Corp (ONGC) is offering by tender 35,000 tonnes of naphtha for loading in the first half of October, according to a tender document on Tuesday.

The cargo will be loaded from Mumbai in the West Coast of India on 10-11 October, the document showed.

The tender closes on 20 September, with bids to stay valid until the same day.

In its previous tender, ONGC sold 35,000 tonnes of naphtha to trading firm SOCAR at a premium of $32.50/tonne (€24.70/tonne) to Middle East quotes FOB for loading from Mumbai on 13-14 September.

($1 = €0.76)

By: Felicia Loo

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