India’s ONGC offers 35,000 tonnes naphtha for 17-18 March

22 February 2013 08:23  [Source: ICIS news]

SINGAPORE (ICIS)--Indian state-owned refiner Oil and Natural Gas Corp (ONGC) is offering by tender 35,000 tonnes of naphtha for loading from Hazira on 17-18 March, traders said on Friday.

The tender closes on 26 February, with bids to stay valid on the same day, they added.

In its previous tender, ONGC sold a 35,000 tonne naphtha cargo to Chevron for loading from Hazira on 3-4 March.

The deal for the cargo was done at a premium of around $50/tonne (€38/tonne) to Middle East quotes FOB (free on board).

($1 = €0.76)

By: Felicia Loo

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