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

30 January 2013 01:36  [Source: ICIS news]

SINGAPORE (ICIS)--Indian state-owned refiner Oil and Natural Gas Corp (ONGC) has floated a tender that offers a 35,000 tonne naphtha cargo for loading in the second half of February, according to a tender document obtained by ICIS on Wednesday.

The cargo is scheduled for loading from Hazira on 21-22 February, the tender stated.

Bids must be submitted by 31 January and will stay valid within the same day, the document showed.

In its previous tender, ONGC sold a 35,000 tonne naphtha cargo to Japanese trading firm Idemitsu for loading from Hazira on 9-10 February.

The deal for the cargo was done at a premium of $43.50/tonne (€32.20/tonne) to Middle East quotes FOB (free on board).

($1 = €0.74)

By: Felicia Loo

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