21 January 2013 09:44 [Source: ICIS news]
SINGAPORE (ICIS)--Indian state-owned refiner Oil and Natural Gas Corp (ONGC) has cancelled a tender to sell a 35,000-tonne naphtha cargo for loading from Hazira on 3-4 February, traders said on Monday.
The cancellation took place because of low bids, they said.
In its previous tender, ONGC sold a 35,000-tonne naphtha cargo to Total for loading from Hazira on 25-26 January.
The deal for the cargo was done at a premium of $44.25/tonne (€33.19/tonne) to Middle East quotes FOB (free on board).
($1 = €0.75)
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