India’s ONGC offers 35,000 tonnes naphtha for 21-22 December

29 November 2012 08:52  [Source: ICIS news]

SINGAPORE (ICIS)--Indian state-owned refiner Oil and Natural Gas Corp (ONGC) has issued an offer tender for a 35,000-tonne naphtha cargo for loading in the second half of December, according to a tender document obtained by ICIS on Thursday.

The cargo is slated for loading from Hazira on 21-22 December, it showed.

The tender closes on 4 December, with bids to stay valid on the same day, the document stated.

In its last tender, ONGC sold a 35,000-tonne naphtha cargo for loading from Hazira on 10-11 December to Gunvor. The deal for the cargo was done at a premium of $31.00-32.00/tonne (€23.87-24.64/tonne) to Middle East quotes FOB (free on board).

In an earlier tender, the company sold a 35,000-tonnes naphtha cargo for loading from Hazira on 28-29 November to Chinese trading firm Unipec, at a premium of around $38.00/tonne to Middle East quotes FOB.

($1 = €0.77)

By: Felicia Loo

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