India’s ONGC offers 35,000 tonnes naphtha for late Jan

19 December 2012 01:49  [Source: ICIS news]

SINGAPORE (ICIS)--Indian state-owned refiner Oil and Natural Gas Corp (ONGC) is offering by tender a 35,000-tonne naphtha cargo for loading from Hazira on 25-26 January, according to a tender document obtained by ICIS on Wednesday.

The tender closes on 20 December, with bids to stay valid on the same day, it stated.

In its previous tender, ONGC sold a 35,000-tonne naphtha cargo for loading from Hazira between 31 December and 1 January. Idemitsu was the buyer and the deal for the cargo was done at a premium of $44.00/tonne (€33.44/tonne) to Middle East quotes FOB (free on board).

In an earlier 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 to Middle East quotes FOB.

($1 = €0.76)


By: Felicia Loo



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