India’s ONGC offers 35,000 tonnes naphtha for 27-28 March

27 February 2013 02:25  [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 27-28 March, according to a tender document on Wednesday.

The tender closes on 1 March, with bids to stay valid on the same day, the document obtained by ICIS indicated.

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 around $50.00/tonne (€38.50/tonne) premium to Middle East quotes FOB (free on board).

($1 = €0.77)

By: Felicia Loo

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