India’s ONGC offers 35,000 tonnes naphtha

07 December 2012 01:51  [Source: ICIS news]

SINGAPORE (ICIS)--Indian state-owned refiner Oil and Natural Gas Corp (ONGC) has issued a tender offer for a 35,000 tonne naphtha cargo for loading from Hazira between 31 December and 1 January, according to a tender document obtained by ICIS on Friday.

The tender closes on 12 December, with bids to remain valid on the same day, it stated.

In its last tender, ONGC sold a 35,000 tonne naphtha cargo for loading from Hazira on 21-22 December. Chinese trading firm Unipec won the cargo at a premium of $31.35/tonne (€24.14/tonne) to Middle East quotes FOB (free on board).

($1 = €0.77)


By: Felicia Loo



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