India’s ONGC offers 35,000 tonnes naphtha for 24-25 Dec loading

03 December 2012 08:23  [Source: ICIS news]

SINGAPORE (ICIS)—Indian state-owned refiner Oil and Natural Gas Corp (ONGC) has issued a tender for a 35,000 tonne naphtha cargo for loading in late December, according to a tender document obtained by ICIS on Monday.

The cargo is slated for loading from Mumbai on 24-25 December, it showed.

The tender closes on 6 December, with bids to stay valid on the same day, the document stated.

ONGC issued another tender that offered a 35,000 tonne naphtha cargo for loading from Hazira on 21-22 December. The tender closes on 4 December, with bids to stay valid on the same day.

In its last tender, ONGC sold a 35,000 tonne naphtha cargo for loading from Hazira on 10-11 December.  The buyer was Gunvor, and 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).

($1 = €0.77)


By: Felicia Loo



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