India’s ONGC offers 35,000 tonnes naphtha for early March

15 February 2013 01:15  [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 3-4 March, according to a tender document obtained by ICIS on Friday.

The tender closes on 19 February, with bids to stay valid until 20 February, it stated.

In its previous tender, ONGC sold a 35,000 tonne naphtha cargo to Japanese trading firm Itochu for loading in second half of February.

The deal for the cargo was done at a premium of $50.51/tonne (€37/tonne) to Japan quotes CFR (cost & freight) for loading from Hazira on 21-22 February.

($1 = €0.74)

By: Felicia Loo

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